KuCoin – CoinCap

FTX sues KuCoin to recover $50 million in withheld assets

October 30, 20241 week ago CoinCap 0 Comments Bankruptcy, Bitcoin, Cardano, Chainlink, Crypto, Cryptocurrency, DeFi, FTX, KuCoin, Legal, Lend, Tezos, Tron, VEChain

Bankrupt crypto exchange FTX has filed a lawsuit to recover over $50 million in assets allegedly withheld by KuCoin, according to court documents filed on Oct. 28.

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FTX estate sues KuCoin to recover over $50M in assets

October 30, 20241 week ago CoinCap 0 Comments Bankruptcy, Bitcoin, Cardano, Chainlink, Crypto, Cryptocurrency, DeFi, FTX, FTX State, KuCoin, Lawsuit, Lend, Tezos, Tron, VEChain

The assets were initially valued at $28 million but now exceeded $50 million due to market fluctuations. The assets have been frozen by KuCoin since FTX’s collapse in November 2022.