31 Oct 202411:31
Project update
FTX sues KuCoin to recover over $50M in locked assets

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

Alameda Research, the FTX subsidiary, claims KuCoin refused to release frozen assets now worth over $50M, up from an initial $28M, despite several communications. Previously, FTX dropped the similar lawsuit against Bybit exchange in a $228M settlement.