KuCoin Faces Legal Dispute Over Delisted Tokens While Metaplanet Advances Bitcoin-Centric Strategy in Japan
KuCoin Faces Legal Dispute Over Delisted Tokens While Metaplanet Advances Bitcoin-Centric Strategy in Japan
KuCoin is currently embroiled in a legal battle, with an investor claiming the exchange has not paid a $2 million award related to a delisted token dispute. Separately, Japanese firm Metaplanet is expanding its 'Project Nova' Bitcoin-centric finance strategy by acquiring Siiibo Securities, which will be rebranded as Metaplanet Securities.
KuCoin Accused of Failing to Pay $2M Award in Delisted Token Dispute
A Seychelles court has ruled that KuCoin cannot consider unwithdrawn tokens as “abandoned,” and subsequently awarded a Swiss investor over $2 million. However, the investor alleges that the exchange has yet to fulfill this payment and plans to initiate further legal action to enforce the judgment.
Metaplanet Boosts Bitcoin Strategy with Securities Arm Acquisition in Japan
Japanese company Metaplanet is set to acquire Siiibo Securities, a move that will see the firm renamed Metaplanet Securities. This acquisition is a key part of Metaplanet's 'Project Nova,' a strategic initiative focused on building out a robust Bitcoin-centric finance strategy within Japan.