FTX Intensifies Asset Recovery Efforts Through Legal Action

FTX’s bankruptcy estate is ramping up legal actions to reclaim assets, targeting companies like NFT Stars Limited and KUROSEMI INC. in a bid to accelerate repayments to affected parties.

FTX Pursues Asset Recovery Through Litigation to Accelerate Repayments

FTX continues to dominate crypto headlines post-collapse as its bankruptcy estate escalates legal efforts to recover assets. The exchange has filed lawsuits against NFT Stars Limited and KUROSEMI INC., developer of Delysium, alleging failure to deliver tokens owed to FTX despite repeated demands.

Legal documents reveal settlement negotiations collapsed, forcing FTX to seek judicial intervention. The move signals a more aggressive approach to claw back funds for creditor repayments. Court filings suggest this may represent just the initial wave of recovery actions.

FTX Estate Pursues Legal Action Against NFT Stars and Delysium Over Token Dispute

The FTX Estate has initiated lawsuits against NFT marketplace NFT Stars and AI gaming platform Delysium, alleging breach of contract in token delivery agreements with Alameda Ventures. Filed in Delaware bankruptcy court, the complaints demand the return of 83 million SIDUS, 831,000 SENATE, and 75 million AGI tokens alongside monetary damages.

Court documents reveal FTX made multiple attempts at private resolution before litigation. The estate accuses both firms of violating bankruptcy protections by withholding assets tied to Alameda Research’s venture investments. This marks another chapter in FTX’s aggressive asset recovery strategy following its 2022 collapse.