FTX Transactions and FTX Recovery Trust filed a lawsuit against token issuers NFT Stars and Kurosemi on Monday.
Complaintfiled in the US Bankruptcy Court in Delaware and attempts to force a company to hand over the FTX claims that have been purchased through a future token or a simple SAFTS agreement.
“We encourage the issuers of tokens and coins to return assets that are legitimate to FTX and are willing to commence lawsuits except for proper engagement,” FTX Estate said. statement.
The lawsuit illustrates the latest efforts by FTX to recover creditor assets following the collapse in November 2022. One of the world’s largest cryptocurrency exchanges surfaced that around $8 billion in the customer fund was misused by the customer fund after FTX submitted its revelation, and was misused when it was in charge of FTX’s Alamed company partnership.
The collapse has shaken up the wider cryptocurrency industry, causing regulatory scrutiny, resulting in billions of dollars in losses for customers and investors. Sam Bankman-Fried, founder and former CEO of FTX, has been found guilty of fraud and conspiracy claims. Judgment Up to 25 years in prison. The company started it Restructuring plan The creditors will be repaid earlier this year.
Part of how it is done is raising funds held by other companies that they consider to belong to FTX. Court documents allege that NFT’s Star and Diridium breached the contract due to the failure to transfer the token despite repeated attempts by the NFT to settle it outside the starry sky.
FTX seeks immediate return of assets for alleged violations of bankruptcy protection, including those related to automated stays under the US bankruptcy law, damages for breach of contract, and sanctions for violations of bankruptcy protection.
According to a Delysium complaint, Alameda Ventures, now known as a McLaurin investment, paid $1 million in January 2022 for the right to receive a $75 million AGI token. The token was released in April 2023 and was eligible for the best schedule, unlocked at 20% after a 12-month cliff period and then unlocked quarterly.
However, Delysium, an AI agent blockchain project, is said to have unilaterally extended its vesting schedule to 48 months and refused to transfer the token.
In the case against Marketplace NFT Stars, FTX claims it paid $325,000 in November 2021 for 1.35 million Senate tokens and 135 million Sidus Tokens rights. The NFT Star initially distributed some of the tokens, but is said to have failed to complete further relocations following the FTX bankruptcy filing.
According to FTX, the NFT star currently carries over 831,000 Senate tokens and 83 million Sid Stokens, citing breach of contract and auto-stay violations.
Between June 2023 and September 2024, FTX advisors tried to contact NFT Stars and Diridium 13 times without being responded. Decryption I approached for both comments.
edit Sebastian Sinclair
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