KuCoin Faces $2M Unpaid Award in Delisted Token Custody Dispute

A Seychelles court ruled that cryptocurrency exchange KuCoin cannot treat unwithdrawn tokens as abandoned property and awarded a Swiss investor over $2 million in a delisted token dispute, according to a report published Jun 12, 2026. The investor claims KuCoin has not paid the court-ordered amount and plans to file another lawsuit. The ruling establishes a legal precedent on exchange custody obligations when tokens are delisted.

Seychelles Court Rules on Token Custody Dispute

The Seychelles court determined that KuCoin cannot classify unwithdrawn tokens as abandoned assets. The court awarded the Swiss investor over $2 million in the case tied to a delisted token. The ruling addresses the legal status of digital assets held on exchanges after delisting events.

Investor Plans Second Lawsuit Over Unpaid Award

The Swiss investor stated that KuCoin has not paid the court-ordered award. The investor plans to sue the exchange again to enforce the judgment. No payment timeline or enforcement mechanism was disclosed in the source.

FAQ

What did the Seychelles court rule in the KuCoin token dispute? The Seychelles court ruled that KuCoin cannot treat unwithdrawn tokens as abandoned property and awarded a Swiss investor over $2 million in a delisted token case.

Why is the investor planning to sue KuCoin again? The investor claims KuCoin has not paid the court-ordered $2 million award and plans to file another lawsuit to enforce the judgment.