FTX Commences Legal Action to Ensure the Return of Tokens and Coins

FTX Commences Legal Action to Ensure the Return of Tokens and Coins

Files Complaints Against Two Issuers, Underscoring Willingness to Pursue Litigation Barring Adequate Engagement

FTX Estate Sues NFT Stars and Kurosemi Over Unreturned Tokens

The FTX Estate has initiated legal action against NFT Stars Limited and Kurosemi Inc., accusing them of failing to deliver contractually owed tokens. FTX Still Open to Engagement The entity overseeing the estate of the collapsed cryptocurrency exchange FTX announced on April 28 that it is commencing...

FTX Files Lawsuits Against NFT Stars and Delysium Over Undelivered Tokens - WorldNL Magazine

TLDR FTX has filed lawsuits against NFT Stars and Delysium (Kurosemi) for failing to deliver tokens owed under investment agreements The lawsuits seek return of over 83 million SIDUS, 831,000 SENATE, and 75 million AGI tokens, plus damages FTX made multiple attempts to resolve the disputes before turning to litigation The legal action is part of FTX’s broader strategy to recover assets for creditor repayments FTX warns other token issuers that …

FTX pursues NFT Star and Delysium to recover millions in missing tokens - Coin Surges

FTX has launched new legal action against NFT marketplace NFT Star and AI platform Delysium, stepping up efforts to recover missing assets for its creditors. The bankrupt crypto exchange accuses both companies of failing to deliver tokens purchased under binding Simple Agreements for Future Tokens (SAFTs), a standard fundraising method crypto startups use before a token launch. According to an April 28 statement, FTX repeatedly attempted to clai…

FTX Estate Sues Unyielding Token Issuers in Latest Attempt to Repay Customers

The defunct crypto exchange FTX has taken legal action against specific issuers in its latest attempt to recover debts and repay customers. FTX Trading and the FTX Recovery Trust have filed a lawsuit against certain token issuers who have failed to fulfill their agreements to remit the agreed-upon coins to the exchange. Specifically, the restructuring team sued NFT Stars Limited and Kurosemi Inc. on Monday over compliance issues. FTX Takes Legal…

FTX Sues NFT Stars and Kurosemi Over Token Delivery Failures

Defunct cryptocurrency exchange FTX has filed lawsuits against NFT Stars Limited and Kurosemi Inc., the operator of the Delysium platform, as part of its ongoing efforts to recover assets for creditor payouts.  The legal actions announced by FTX and its recovery trust are in response to the companies’ alleged failure to deliver tokens as stipulated in prior contractual agreements. FTX Initiates Legal Action to Recover Assets  According to the la…