Skip to main content

FTX’s Legal Offensive: NFT Stars and Kurosemi Face Lawsuits

FTX sues NFT Stars and Kurosemi

In its ongoing efforts to recover assets, the bankrupt cryptocurrency exchange FTX has initiated legal action against NFT Stars and Kurosemi (operating as Delysium). These lawsuits, filed in Delaware bankruptcy court, allege that both companies failed to deliver tokens previously purchased by FTX, despite repeated attempts at amicable resolution.

FTX’s April 28th statement highlights numerous unanswered attempts to engage with both firms, foreshadowing additional lawsuits against other non-responsive parties. The complaints detail specific instances of unpaid tokens:

  • Delysium (Kurosemi): FTX claims Alameda Research paid $1 million for 75 million AGI tokens in January 2022. A vesting schedule was initially agreed upon but was later halted due to FTX’s collapse.
  • NFT Stars: FTX alleges it paid $325,000 in November 2021 for SENATE and SIDUS tokens, with a significant portion of the delivery remaining incomplete.
FTX sues NFT Stars and Kurosemi
Source: FTX

The lawsuits demand the delivery of the outstanding tokens along with damages to compensate for the potential profits lost due to delayed delivery. The significant price drops experienced by AGI, SENATE, and SIDUS tokens since their peak values further underscore FTX’s claim for financial compensation.

Neither NFT Stars nor Delysium has yet commented publicly. This action represents another stage in FTX’s broader strategy to recoup assets, following previous lawsuits against notable parties such as SkyBridge Capital and Binance. The ongoing legal battles highlight the complexities and repercussions of the FTX collapse within the broader cryptocurrency ecosystem.

Latest Posts