KuCoin hasn't paid $2M court award over delisted tokens, investor says

A Seychelles court ruled KuCoin must pay a Swiss investor over $2M after the exchange declared his delisted CHP tokens "abandoned." The investor says KuCoin still hasn't paid and plans further legal action.

• Seychelles Supreme Court ruled KuCoin cannot treat unwithdrawn delisted tokens as abandoned property.
• The court ordered KuCoin entities to pay over $2M in USDT plus damages to a Swiss investor.
• KuCoin sent delisting notices by email in 2021 but the court said that wasn't enough to forfeit customer rights.
• The investor says KuCoin has not paid and intends to sue again.
• Seychelles' FSA confirmed it received the judgment and had rejected a KuCoin-linked VASP license application.

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