FTX Legal Woes Overshadowed by 1inch’s Solana Expansion and Mastercard’s Stablecoin Move

The cryptocurrency landscape witnessed significant developments on April 30, 2025, as decentralized exchange aggregator 1inch Network expanded to the Solana blockchain, while Mastercard unveiled a new stablecoin initiative. These advancements come amidst ongoing legal actions surrounding the defunct FTX exchange.

Crypto Daily Digest: 1inch Expands to Solana, Mastercard’s Stablecoin Play, and FTX Legal Action

Decentralized exchange aggregator 1INCH Network has launched on Solana, marking a significant expansion for the platform known for optimizing swap rates across multiple liquidity sources. The integration brings 1inch’s advanced routing algorithms to one of blockchain’s fastest-growing ecosystems.

Mastercard is deepening its Web3 strategy with a new stablecoin initiative aimed at streamlining cross-border transactions. While details remain scarce, the payments giant appears to be positioning itself at the intersection of traditional finance and digital assets.

FTX’s bankruptcy estate has filed suit against cryptocurrency custodians over alleged mishandling of digital assets. The legal action underscores the exchange’s ongoing efforts to recover funds for creditors amid its high-profile collapse.

FTX Sues NFT Stars and Kurosemi Over $1.3M Token Dispute

FTX has initiated legal action against NFT Stars and Kurosemi, alleging a $1.3 million shortfall in undelivered tokens. The defunct exchange claims both firms violated investment agreements by failing to transfer the agreed-upon digital assets. Advisors made repeated attempts to resolve the matter—15 contacts with NFT Stars and 13 with Kurosemi—before resorting to litigation.

The lawsuit underscores growing legal scrutiny of token delivery obligations in crypto partnerships. FTX’s estate warns of similar actions against other non-compliant issuers, signaling a broader crackdown on unfulfilled contractual promises in the digital asset space.

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

FTX has launched lawsuits against NFT Stars Limited and Delysium, alleging the firms withheld digital assets owed to its estate. The legal actions aim to recover funds as part of FTX’s broader effort to maximize creditor repayments following its 2022 collapse.

Court filings reveal Delysium received $1 million from Alameda Ventures in January 2022 for 75 million AGI tokens, which launched in April 2023 with a vesting schedule. Both defendants reportedly ignored multiple attempts at resolution before FTX resorted to litigation.