Investor Claims KuCoin Has Not Paid $2 Million Seychelles Court Award
A Swiss investor alleges that cryptocurrency exchange KuCoin has not yet paid a court-ordered award exceeding $2 million. The award stems from a Seychelles court ruling which determined that KuCoin could not consider unwithdrawn tokens as "abandoned." This legal dispute is tied to a case involving delisted tokens, and the investor reportedly plans to initiate further legal action.
A Seychelles court has ruled that the cryptocurrency exchange KuCoin cannot treat unwithdrawn tokens belonging to users as "abandoned." This decision led to an award of over $2 million to a Swiss investor.
However, the investor claims that KuCoin has not yet remitted the awarded funds. The original dispute is linked to a situation involving delisted tokens on the exchange.
In response to the alleged non-payment, the investor reportedly intends to file another lawsuit against KuCoin to enforce the court's judgment.
According to Cointelegraph, the court's decision clarified the exchange's obligations regarding unwithdrawn digital assets.
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