FTX Lawsuit Against KuCoin FTX has filed a lawsuit against KuCoin seeking the recovery of $50 million in assets that it claims were withheld by the exchange. This lawsuit highlights the ongoing legal challenges faced by FTX in its efforts to regain funds amid its bankruptcy proceedings. Amount Sought: $50 million, allegedly held in an account belonging to Alameda Research, which had previously filed for Chapter 11 bankruptcy. Reason for Lawsuit: FTX claims that KuCoin locked these assets shortly after the commencement of bankruptcy proceedings in November 2022. Despite repeated requests, KuCoin has not released the assets. Larger Objective: FTX aims to recover these funds as part of a broader strategy to support creditors and users affected by its bankruptcy. Recent Settlement with Bybit In related developments, FTX recently settled a separate lawsuit with Bybit, recovering $228 million. This indicates an aggressive legal posture adopted by FTX in its attempts to reclaim assets post Show Less