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Two entities sued for alleged non-compliance in returning assets, impeding FTX's recovery efforts within a structured program.

Crypto platform FTX, currently in bankruptcy, has initiated legal action against NFT Stars Limited and Kurosemi Inc. The reason given is non-compliance with returning digital assets as per contractual obligations. The complaints have been lodged in U.S. bankruptcy court as part of a larger...

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Crypto firm FTX, currently in bankruptcy, accuses NFT Stars Limited and Kurosemi Inc. of...
Crypto firm FTX, currently in bankruptcy, accuses NFT Stars Limited and Kurosemi Inc. of withholding digital assets. The firms are accused of not delivering the contractually owed tokens, according to a recent statement from FTX. This action forms part of FTX's broader strategy to recoup assets for its creditors, as reported in the US bankruptcy court.

Two entities sued for alleged non-compliance in returning assets, impeding FTX's recovery efforts within a structured program.

Direct and to the point, let's dive into the latest booty:

FTX goes in on The Scoundrels and Delysium

In a stunning move, crumbling crypto exchange FTX has dished out legal complaints against NFT Stars Limited and Kurosemi Inc., aka the duo behind Delysium. The dispute? They've allegedly failed to cough up tokens FTX paid for through good ol' Simple Agreements for Future Tokens (SAFTs).

According to the court filings, FTX's affiliated trading firm, Alameda Research (now Maclaurin Investment), paid a whopping $325,000 for the right to receive a total of 1.35 million SENATE tokens and 135 million SIDUS tokens from NFT Stars Limited, but the company is still hanging on to a significant portion - 831,000 SENATE tokens and 83 million SIDUS tokens.

On the flip side, FTX alleges that Maclaurin paid $1 million to receive 75 million AGI tokens from Kurosemi, but they've yet to see a single token. The lawsuit also alludes to the notion that Delysium has no intention of handing over the tokens[1][2][3].

FTX's legal wrangling doesn't end with these two; they've sent out clear warnings to other token issuers, ready to litigate if they don't hand over what belongs to them. This legal spat comes as part of FTX's broader attempts to recover assets for its creditors[5].

With its creditor repayment process already underway, don't be surprised if FTX continues to flex its legal muscles in the pursuit of recovering its assets[5].

Now, let's take a look at some Fresh Off The Press: Industry Announcements:

Nine-Piece Industry Updates:

  1. NEXPACE Launches MapleStory N and NXPC Token, heralding a era of change in MapleStory Universe[4]
  2. GSR Investments bolsters presence in Digital Asset Structured Products market with Maverix Securities investment[4]
  3. Sportsbet.io kicks off 1 million USDT giveaway to celebrate Champions League finale[4]
  4. Whale.io steaming towards TGE, unveils 'Wager and Earn' Campaign and launches WHALE Token Conversion[4]
  5. Edgen introduces 'AI Super App', bringing institutional-grade market intelligence to the masses[4]
  6. BC.GAME revamps logo, reinforces crypto integration within the iGaming Ecosystem[4]
  7. Plutus launches PLUS More on Base, signaling a new dawn for Tokenized Loyalty Rewards[4]

Sources:[1] FTX Sues Companies Over Failed Token Delivery - CoinDesk, March 31, 2023[2] FTX Files Lawsuit Against Kurosemi Over Failed Token Delivery - Finbold, March 31, 2023[3] FTX Sues NFT Stars and Kurosemi - The Block, March 31, 2023[4] Latest Industry Announcements - The Daily Hodl, April 30, 2025[5] FTX's Legal Battle Against Token Issuers for Failed Token Delivery - The Block, April 1, 2023

  1. Amidst ongoing litigation with several token issuers, FTX has warned other cryptocurrency businesses in the industry that they may pursue legal action if assets are not delivered as agreed upon, as part of the exchange's efforts to recover assets for its creditors.
  2. A recent announcement from NEXPACE involves the launch of the MapleStory N game and the NXPC token, signifying a new phase in the MapleStory Universe.
  3. GSR Investments aims to strengthen its position in the digital asset structured products market by investing in Maverix Securities, a move that could reshape the financial business landscape.

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