KuCoin has not paid $2M award tied to delisted token dispute, investor says

Written by Christina Combenstaff writerReviewed by Yohan Yunstaff writerWritten by Christina Combenstaff writerReviewed by Yohan Yunstaff writerKuCoin has not paid $2M award tied to delisted token dispute, investor saysLatest NewsPublishedJun 12, 2026A Seychelles court said KuCoin can’t treat unwithdrawn tokens as “abandoned,” and awarded a Swiss investor over $2 million. He says the exchange still hasn’t paid and plans to sue again.A Swiss investor said KuCoin has yet to pay a Seychelles Supreme Court award of more than $2 million after the exchange declared his tokens “abandoned.”In a Dec. 11, 2025, ruling, the Supreme Court of Seychelles declared that Didier Rabl is the “sole proprietor and owner” of approximately 21 million CoinPoker (CHP) tokens previously held for him on KuCoin. The court also ordered three Seychelles-incorporated KuCoin entities to pay him over 2 million USDt (USDT) plus $10,000 in moral damages, according to documents reviewed by Cointelegraph.The ruling could have implications for how cryptocurrency exchanges handle delisted assets, with the court finding that KuCoin did not become the beneficial owner of Rabl's tokens and remained obligated to safeguard the assets and honor lawful withdrawal requests. KuCoin’s Seychelles entities did not appear or defend the case.Copies of emails reviewed by Cointelegraph show that KuCoin sent Rabl a series of delisting notices in 2021, warning that withdrawals of CHP would close on July 28 of that year. The emails stated that any unwithdrawn funds would be deemed “abandoned” with “no rights to claim back.”Court Order. Source: Seychelles Supreme CourtThe court found that all the emails “remained unread and unanswered” and that KuCoin delisted CHP “without making any further attempt to notify the Plaintiff by post, telephone, or any alternative means.”Seychelles FSA confirms receipt of KuCoin judgmentThe court held that a unilateral delisting email with “deemed to have abandoned” wording was not sufficie…

KuCoin has not paid $2M award tied to delisted token dispute, investor says

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