KuCoin Yet to Pay $2M Seychelles Award Over Delisted Tokens, Investor Says
— By Tony Rabbit in Regulation
KuCoin reportedly has not paid a $2M Seychelles court award to an investor for delisted tokens, raising questions on exchange policies.
KuCoin Yet to Pay $2M Seychelles Award Over Delisted Tokens, Investor Says
A Swiss investor claims crypto exchange KuCoin has not yet paid a court award exceeding $2 million, stemming from a dispute over delisted tokens. This case highlights ongoing questions regarding how crypto exchanges manage assets from projects that are no longer supported.
Court Rules in Investor's Favor
The Supreme Court of Seychelles issued a ruling confirming Didier Rabl, a Swiss investor, as the sole owner of approximately 21 million CoinPoker (CHP) tokens. These tokens were held by KuCoin on Rabl's behalf.
The court found that KuCoin could not treat these unwithdrawn tokens, which belonged to a delisted project, as abandoned property. It was noted that emails regarding the delisting went unread and unanswered by the investor.
Damages Exceeding $2 Million Awarded
Following its decision, the Supreme Court of Seychelles awarded damages to Rabl. The total amount of these damages exceeds $2 million.
The investor claims that KuCoin has since refused to pay this court-mandated award. KuCoin's specific position on this alleged refusal was not confirmed in the reporting.
Implications for Delisted Token Policies
This case brings to the forefront critical questions about how cryptocurrency exchanges manage tokens from projects that they delist. It specifically addresses the responsibilities exchanges have towards user assets after a project is removed from their platform.
The court's ruling suggests a precedent that exchanges may not automatically consider unwithdrawn delisted tokens as abandoned, particularly if communication attempts are not definitively acknowledged by the user.
What to Watch Next
The resolution of this dispute, particularly regarding the payment of the court award, will be closely watched by the crypto community. It could influence future policies and user agreements across various exchanges.
For those tracking CoinPoker (CHP) or similar delisted assets, monitoring market sentiment and any further developments on DEXTools could provide additional context.
Reported June 2026 by Cointelegraph and Crypto Briefing. This is not financial advice.
Frequently Asked Questions
What is the core issue in the KuCoin case?
A Swiss investor claims KuCoin has not paid a court award of over $2 million related to delisted tokens.
Who is the investor involved?
Didier Rabl, a Swiss investor, is the claimant in this case.
What did the Seychelles Supreme Court rule?
The court ruled Didier Rabl is the sole owner of 21 million CoinPoker (CHP) tokens held by KuCoin and awarded damages exceeding $2 million.
Why did the court rule against KuCoin?
The court found KuCoin could not treat unwithdrawn delisted tokens as abandoned property, noting delisting emails went unread by the investor.