According to court documents filed on Oct. 28, FTX has filed a lawsuit to recover more than $50 million in assets allegedly withheld by KuCoin. The assets were held in a KuCoin account at the now-defunct Alameda Research, which filed for Chapter 11 bankruptcy in November 2022. FTX's lawsuit alleges that KuCoin locked access to these unnamed assets shortly after the bankruptcy proceedings began. At the time, the account held assets worth approximately $30 million, leaving the management team of the insolvent company without access to these assets. FTX notes that KuCoin refused to release these assets. FTX claims that the value of the locked assets has now grown to over $50 million.