KuCoin Fails to Pay $2M Awarded by Seychelles Court Over Delisted Tokens

A Swiss investor, Didier Rabl, is claiming that KuCoin has not paid him over $2 million in damages awarded by the Seychelles Supreme Court. The court ruled on December 11, 2025, that Rabl was the sole owner of approximately 21 million CoinPoker (CHP) tokens and ordered three KuCoin entities to pay him over $2 million plus moral damages.

The court found that KuCoin's delisting notice to Rabl in July 2021, stating that withdrawals would close on July 28, was not sufficient to remove his rights to the tokens. The ruling has implications for how cryptocurrency exchanges handle delisted assets and could set a precedent for similar cases.

KuCoin's entities did not appear or defend the case, and the court found that they had failed to comply with a final Supreme Court order concerning customer assets. Rabl told Cointelegraph that he has not received any payment from KuCoin and is preparing additional legal action in Seychelles to enforce the award.