KuCoin has not paid $2M award tied to delisted token dispute, investor says
Cointelegraph 2026-06-12 13:03:23
Context: A dispute between a Swiss investor and the cryptocurrency exchange KuCoin has led to a court ruling in favor of the investor, who claims that KuCoin owes him over $2 million. The investor had initially sought to withdraw a certain token from the exchange, but KuCoin delisted it, leading to a legal battle. The Seychelles court has now ruled in favor of the investor, stating that KuCoin cannot treat unwithdrawn tokens as "abandoned."
Key Facts
- A Seychelles court has ruled that KuCoin cannot treat unwithdrawn tokens as "abandoned," and has awarded a Swiss investor over $2 million in damages as a result of the exchange's actions.
- The investor had initially sought to withdraw a certain token from KuCoin, but the exchange delisted it, leading to a dispute over the handling of the unwithdrawn tokens.
- The investor claims that KuCoin has still not paid the $2 million award, and plans to sue the exchange again in order to collect the debt.
- The court's ruling in favor of the investor is a significant development in the ongoing dispute between the two parties.
- The exact token that was at the center of the dispute has not been specified in the article.