SIDUS

Delysium

Billion

SENATE

FTX, a cryptocurrency exchange that went bankrupt, is claiming a lawsuit against two companies, NFT Stars and Kurosemi. The firm has taken this initiative as it is trying to recover its money to pay back to its creditors.
The lawsuits, filed in a Delaware bankruptcy court, claim that NFT Stars and Delysium did not deliver all the digital tokens, like cryptocurrencies or NFTs, that FTX had paid for. Despite FTX trying many times to resolve the issue with these companies, they didn’t respond or deliver the tokens.
FTX said in a statement on April 28 that it reached out multiple times to both companies without success. They also warned that they are contacting other companies about similar issues with FTX’s assets and will file more lawsuits against those who don’t cooperate.
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 (1/3) FTX today announced that to recover estate assets, FTX has commenced legal action against certain token and coin issuers which own FTX assets and have been unwilling to engage.— FTX (@FTX_Official) <a href="https://twitter.com/FTX_Official/status/1917011979774136437?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 29, 2025</a>
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The firm has announced this initiative on its X post. The firm stated that it is taking legal action to get back tokens it paid for but never received as part of its efforts to recover money for those it owes. FTX is suing Delysium and NFT Stars because they didn’t deliver tokens that FTX paid for.
As for NFT Stars, FTX claims it paid $325,000 in November 2021 to buy 1.35 million SENATE tokens and 135 million SIDUS tokens. And in the case against Delysium, FTX says its trading company, Alameda Research, paid $1 million in January 2022 to buy 75 million AGI tokens. The plan was for these tokens to be released in April 2023, with 20% becoming available after 12 months and the rest gradually over time.
However, the release timeline was extended to 48 months and then stopped completely when FTX went bankrupt in November 2022. FTX is asking the court to give them the remaining tokens and extra money to cover the profits they missed out on. Neither NFT Stars nor Delysium responded to requests for comment.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/11/11/ftx-sues-binance-and-changpeng-cz-zhao-for-1-8-billion/" target="_blank" rel="noopener noreferrer nofollow">FTX Sues Binance and Changpeng ‘CZ’ Zhao for $1.8 Billion</a>
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FTX Targets NFT Stars and Kurosemi in Lawsuits to Reclaim its Tokens

The Crypto Times

Other articles published on Apr 30, 2025

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