Overview
- A Seychelles court found that KuCoin could not treat a user’s unwithdrawn tokens from a delisted project as abandoned and awarded a Swiss investor damages exceeding $2 million.
- The investor says KuCoin has not paid the judgment and plans further legal steps to try to compel collection from the exchange.
- One report says the dispute involved about 21 million CHP tokens, but public details about the token and the full court record remain limited.
- KuCoin’s delisting process typically sets a withdrawal window and disclaims liability for assets left after that deadline, a practice the court rejected in this case.
- The decision could be cited by other investors to challenge exchange abandonment clauses, but enforcing a Seychelles judgment against a global platform faces legal and practical hurdles and will test cross‑jurisdictional recovery efforts.