The Bankrupt CryptoCurrency Exchange FTX and the Recovery Trust filed two suits against blockchain firms, NFT stars, an NFT Marketplace, and Kurosemi, the parent delysium company, an AI agent's AI agent platform, in an attempt to recover the property -awareness.
FTX was once the leading global exchange, and its collapse in November 2022 was shaking the crypto world. It has filed legal actions in the US losses court for the Delaware District, which claims that the owners it is fighting is included as a result of simple agreements for future tokens (SAFT) it reached the same companies.
SAFTs are the crypto version of simple agreements for future equity (safe).
A war between creditors and debt
In its suits, FTX accused NFT and Kurosemi (delysium) stars of breach agreements to restore some digital tokens. The plaintiff claimed that both companies failed to promote terms written in investment contracts during pre-bankruptcy operations today.
The lawsuit says the company keeps the tokens unreasonable and attempts to resolve the matter without trial is unsuccessful.
NFT stars, a market dedicated to digital art and collectibles, which allegedly received properties under FTX agreements but did not return after the exchange entered the losses. It says it gave the NFT stars $ 325,000 in November 2021 in exchange for 1.35 million Senate tokens and 135 million Sidus tokens.
The NFT stars have been reported to have removed some of the pre-bankruptcy tokens but hold other transfers after the FTX declared the losses.
Kurosemi was also accused of benefiting from agreements with the Alameda Ventures association while failing to return to the return of digital assets after being asked to do so in the post-bankruptcy. Kurosemi reportedly received $ 1 million in January 2022 and agreed to provide FTX 75 million $ agi token.
The tokens were launched in April 2023, month after the FTX filed for losses, and Kurosemi has since failed to remit any exchange tokens.
The FTX Estate said, “We encourage tokens and coins to restore the property that should belong to the FTX, and are willing to start the trial prohibiting adequate relationships.”
A potential restoration for FTX creditors
Because of its losses, the FTX has filed many similar suits to recover properties that can contribute to the pool of funds for the remeditor's repayment. The approach is driven by the need to restore as much value as possible to thousands of investors and institutional investors left in limbo following the collapse of the platform.
The FTX has been indicated in the past that it will return a large portion of the customer's fund and lend. However, the exact numbers remain unclear due to the ongoing legal claims and the complex feature of appreciation for the crypto asset.
Ari -rian added, “Our team continues to work tirelessly to maximize recovery for the FTX estate and return funds to creditors, including by filing two complaints against those who have repeatedly ignored our attempts to engage.”
Cases against NFT and Kurosemi stars are expected to continue in the coming months. The outcome of the trial is unsure, but the FTX estate suits are the latest chapters of one of the most complex corporate losses in the crypto space.
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