US EditionFTX sues NFT Stars and Kurosemi in push to recover tokens
- On April 28, 2025, lawsuits were initiated in Delaware bankruptcy court by FTX Trading Ltd. Along with the FTX Recovery Trust against NFT Stars Limited and Kurosemi Inc. Over alleged failures to deliver tokens owed to the FTX estate.
- The lawsuits arise from alleged breaches of contracts requiring NFT Stars and Kurosemi to deliver tokens owed to the FTX estate after failed engagement attempts.
- NFT Stars is an Australian NFT marketplace accused of withholding over 135 million SIDUS and 1.35 million SENATE tokens, while Kurosemi, creator of Delysium, allegedly failed to return 75 million AGI tokens.
- FTX's legal counsel Sullivan & Cromwell LLP supports the litigation as part of a broader asset recovery plan under a bankruptcy court-approved reorganization from October 2024 aiming to repay up to 98% of creditors.
- These lawsuits mark the start of intensified legal efforts to recover assets crucial for creditor repayments and foreshadow additional claims if other issuers remain uncooperative.
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FTX Files Lawsuit Against Two Companies for Allegedly Failing To Return Assets as Part of Recovery Program - The Daily Hodl
The bankrupt crypto exchange FTX is suing two companies for allegedly not returning digital assets. In a new statement, FTX says that it filed complaints in US bankruptcy court against token issuers NFT Stars Limited and Kurosemi Inc. for failing to provide FTX with “contractually entitled tokens” as part of a broader effort to recover assets for its creditors. “We urge token and coin issuers to return assets that rightfully belong to FTX, and a…
FTX Files Lawsuit Against NFT Stars And Kurosemi To Recover Tokens
The bankrupt cryptocurrency exchange FTX has initiated legal proceedings against the non-fungible token platform NFT Stars and the blockchain gaming entity Kurosemi, also known as Delysium. They are accused of withholding tokens that were owed to FTX. Both lawsuits were submitted to the Delaware bankruptcy court, and they allege that NFT Stars and Delysium failed to provide all the tokens that FTX had paid for, despite multiple attempts to resol…
Cointelegraph
FTX sues NFT Stars and Kurosemi in push to recover tokens
Bankrupt crypto exchange FTX has filed lawsuits against the non-fungible token marketplace NFT Stars and the blockchain gaming firm Kurosemi, which operates as Delysium, accusing them of withholding tokens they owed.The lawsuits, both filed in the Delaware bankruptcy court, alleged that NFT Stars and Delysium failed to deliver all the tokens paid for by FTX despite repeated attempts to resolve the matter.FTX claimed in an April 28 statement that…
FTX Sues NFT Stars and Delysium Over Undelivered Tokens
FTX has initiated legal proceedings against NFT Stars Limited and Delysium, seeking to recover digital assets allegedly withheld from its estate. The lawsuits are the latest in its ongoing efforts to reclaim funds and maximize creditor recoveries following its collapse in November 2022. Token Allegations The defunct crypto exchange announced on April 29 that it had filed two formal complaints after multiple attempts to engage with the firms in q…
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