KuCoin Has Not Paid $2M Seychelles Court Award, Investor Says

A Swiss investor, Didier Rabl, says KuCoin has not paid a Seychelles Supreme Court award of more than $2 million after the exchange declared his tokens 'abandoned.' The Dec. 11, 2025 ruling named Rabl sole proprietor of roughly 21 million CoinPoker (CHP) tokens previously held for him and ordered three Seychelles-incorporated KuCoin entities to pay him in excess of 2 million USDT plus $10,000 in moral damages.

KuCoin sent delisting notices in 2021 warning that CHP withdrawals would close on July 28 and that unwithdrawn funds would be deemed 'abandoned' with 'no rights to claim back.' The court found those emails unread and unanswered, found KuCoin delisted CHP without further attempts to notify Rabl, and concluded a unilateral delisting email did not extinguish a customer's property rights when no forfeiture term existed in the original contract.

The Seychelles entities did not appear or defend the case.

Seychelles

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