FTX Takes Legal Action Against Token Issuers Over Undelivered Assets

FTX has escalated its efforts to recover undelivered tokens by filing lawsuits against NFT Stars Ltd. and KUROSEMI INC. (Delysium), following failed private resolutions. The exchange warns of further legal actions against other non-compliant token issuers, underscoring the urgency of compliance.

FTX Pursues Legal Action Against Token Issuers for Undelivered Assets

FTX has initiated legal proceedings against NFT Stars Ltd. and KUROSEMI INC., operating as Delysium, for failing to deliver contracted tokens. The exchange made repeated efforts to resolve the matter privately before resorting to litigation.

The company warns it will contact other token issuers with outstanding obligations and file further lawsuits against non-responsive parties. FTX emphasizes the urgency of engagement to avoid escalating legal consequences.

FTX Escalates Legal Efforts to Recover Assets for Creditors Amid Bankruptcy

FTX has initiated lawsuits against two token issuers, NFT Stars Limited and KUROSEMI, as part of its bankruptcy proceedings. The exchange claims contractual ownership of assets held by these entities and asserts that settlement negotiations collapsed due to their unresponsiveness.

The legal action underscores FTX’s commitment to maximizing creditor recoveries through aggressive asset recovery strategies. No specific cryptocurrencies or trading platforms are directly implicated in the dispute beyond FTX’s involvement as the plaintiff.