CoinPoker (CHP)

KuCoin claims it has not paid the $2 million compensation for the delisted CHP token

https://t.co/xWrQhOPl0l https://t.co/WIyiOhAOUv

According to Cointelegraph, a Seychelles court ruled that entities related to KuCoin must pay a Swiss investor over $2 million in compensation. The court held that KuCoin is not authorized to treat the 21 million CHP tokens that have been delisted as 'unclaimed assets' and dispose of them independently. The investor said that, to date, KuCoin has not fulfilled its compensation obligations and is preparing to take further legal action. KuCoin did not respond to Cointelegraph's request for comment. https://t.co/Tgpp7vjwpt

🚨 EXCLUSIVE: A Seychelles court ordered KuCoin entities to pay a Swiss investor more than $2M after ruling the exchange couldn’t treat 21M delisted CHP tokens as “abandoned.”

The investor says KuCoin has yet to pay and is preparing further legal action. @KuCoin did not respond to Cointelegraph’s requests for comment.