KuCoin ignores court order for $2M compensation over frozen tokens

KuCoin is defying a court order to pay $2 million in damages to a user whose delisted cryptocurrency was arbitrarily frozen, Cointelegraph reported. The Seychelles Supreme Court had ordered the exchange to compensate a Swiss investor, ruling that KuCoin had frozen the user's CoinPoker tokens after delisting them without proper notification. In response to KuCoin's non-compliance, Seychelles authorities have reportedly rejected a license application from a KuCoin-affiliated entity and ordered it to cease operations. The affected investor, who has yet to receive any compensation, is now preparing further legal action.