Swiss investor says KuCoin owes $2 M court award

A Swiss investor has accused the cryptocurrency exchange KuCoin of failing to pay a court-ordered award exceeding $2 million, six months after a Seychelles Supreme Court ruled in his favor regarding delisted tokens. The ruling, issued on December 11, 2025, declared investor Didier Rabl the sole owner of approximately 21 million CoinPoker (CHP) tokens and ordered three Seychelles-incorporated entities linked to KuCoin to compensate him with more than $2 million in USDT plus $10,000 in moral damages.

The dispute stems from KuCoin's delisting of the CHP token in 2021. The exchange sent emails notifying users that withdrawals would close on July 28 of that year and that any unwithdrawn funds would be considered abandoned. The Seychelles Supreme Court found that these emails went unread and that KuCoin made no further attempt to notify Rabl by post, telephone, or other means. Crucially, the court rejected the exchange's argument that the tokens became abandoned property, determining that a unilateral clause in a delisting email was insufficient to extinguish a client's rights, especially when such a term was not part of the original contractual relationship.