A Seychelles court awarded a Swiss investor more than $2 million in a dispute over delisted tokens that KuCoin allegedly treated as abandoned. The investor says the exchange has not paid and plans further legal action.
A Seychelles court awarded a Swiss investor more than $2 million in a dispute over delisted tokens that KuCoin allegedly treated as abandoned. The investor says the exchange has not paid and plans further legal action.
A Seychelles court ruled that KuCoin cannot treat unwithdrawn tokens as “abandoned” and awarded a Swiss investor more than $2 million in a dispute tied to a delisted token, according to Cointelegraph. The investor says the crypto exchange still has not paid the court-ordered award and plans to sue again.
A Seychelles court ruled that KuCoin cannot treat unwithdrawn tokens as “abandoned” and awarded a Swiss investor more than $2 million in a dispute tied to a delisted token, according to Cointelegraph. The investor says the crypto exchange still has not paid the court-ordered award and plans to sue again.
The case matters because it touches a core issue for centralized crypto platforms: what happens to customer assets after a token is delisted and users do not withdraw in time. For readers and market participants, the ruling signals that exchange policies around delistings and inactive balances may face legal scrutiny when customer funds are involved.
According to the source material, the Seychelles court rejected KuCoin’s position that the tokens could be considered abandoned. That finding is significant because it limits how the exchange can frame unwithdrawn assets in this dispute.
The award was made to a Swiss investor and exceeded $2 million. However, the investor says KuCoin has not yet complied with the ruling, leaving the dispute unresolved despite the court decision.
The investor now plans to bring another lawsuit, according to the report. KuCoin’s response, payment status beyond the investor’s claim, and any next court steps were not detailed in the supplied source material.
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