Source: Cointelegraph
Original text: (FTX sues NFT Stars and Kurosemi to recover token assets)
The bankrupt cryptocurrency exchange FTX recently filed lawsuits against the non-fungible token (NFT) trading platform NFT Stars and the blockchain gaming company Kurosemi (operating under the name Delysium), accusing them of owing tokens that should be returned.
Both lawsuits were filed in the Delaware bankruptcy court, accusing NFT Stars and Delysium of failing to deliver the full amount of tokens that FTX had paid for despite multiple negotiations.
In a statement on April 28, FTX stated that it has made 'multiple attempts to communicate without response' and will 'contact other token issuers to reclaim FTX assets, and file more lawsuits against non-cooperative parties.'
The bankrupt cryptocurrency exchange FTX has filed a lawsuit against the NFT trading platform NFT Stars and the blockchain gaming company Kurosemi (operating Delysium), accusing them of owing tokens that should be returned.
In the lawsuit against Delysium, FTX claims that its closed trading department Alameda Research paid $1 million in January 2022 to purchase 75 million of the game company's AGI tokens. FTX stated that the original token issuance date was scheduled for April 2023, and the tokens purchased by Alameda Research were supposed to unlock 20% in the first batch after 12 months. However, due to FTX's bankruptcy in November 2022, the unlocking period was extended and was completely halted after 48 months.
In the lawsuit against NFT Stars, FTX claims that it paid $325,000 in November 2021 to purchase 1.35 million SENATE tokens and 135 million SIDUS tokens. FTX stated that after partial delivery, NFT Stars stopped the delivery of the remaining 831,000 SENATE tokens and 83 million SIDUS tokens citing bankruptcy proceedings.
FTX seeks remaining tokens and compensation
FTX requests the court to order the defendant to deliver the remaining tokens and compensate for losses, stating that these tokens once reached peak prices and could have been profitably sold if delivered on time.
According to CoinGecko data, Delysium's AGI token peaked at $0.672 in May 2024, and has since fallen 90% to $0.067. SENATE peaked at $5.85 in January 2022, and has since devalued by 99%. SIDUS also peaked at $0.19 in January 2022, and has fallen 99%.
NFT Stars and Delysium did not immediately respond to Cointelegraph's request for comment.
FTX has been pursuing funds that it claims are owed to the bankrupt exchange. In November 2024, FTX filed three lawsuits, one against SkyBridge Capital and its founder Anthony Scaramucci, seeking to recover sponsorship and investment payments made by former FTX CEO Sam Bankman-Fried. Another lawsuit targets the cryptocurrency exchange Binance and its former CEO Changpeng Zhao, seeking to recover $1.76 billion worth of cryptocurrency sent to the exchange in July 2021 as part of a repurchase agreement.
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