⚡️ @FTX_Official has initiated legal action against @Kucoincom to recover $50M in locked assets

@AlamedaResearch, the subsidiary of the bankrupt crypto exchange FTX, has sued KuCoin to recover over $50M in locked assets. The assets were originally valued at $28M but now exceed $50M due to market fluctuations. Earlier this month, FTX agreed with @Bybit_Official to drop its lawsuit against the exchange in a $228M settlement.

👉