Alameda Research has sued KuCoin to recover over $50 million in frozen assets. 🏦
- The assets have been blocked since November 2022 after the collapse of FTX.
- KuCoin refuses to return the funds despite multiple requests.
- Alameda claims this is a violation of the Bankruptcy Code.
- FTX recently settled a similar lawsuit against Bybit, adding $228 million to its recovery efforts.
Source: Kroll
