FTX sues KuCoin to recover $50 million in withheld assets

Oluwapelumi Adejumo

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. The assets were reportedly held in a KuCoin account belonging to the now-defunct Alameda Research, which filed for Chapter 11 bankruptcy in November 2022. FTX’s allegation In its […]

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FTX sues KuCoin to recover $50 million in withheld assets