two entities accused of insufficient asset return in conjunction with FTX's rehabilitation effort, resulting in a legal action
Crypto Discotrooper
April 30, 2025 | Latest Scams
FTX, the troubled cryptocurrency exchange, has taken legal action against NFT Stars Limited and Kurosemi Inc. for allegedly withholding digital assets that were rightfully theirs.
In a bold move, FTX has filed lawsuits against these companies in Delaware bankruptcy court. FTX claims that both NFT Stars Limited and Kurosemi Inc. have failed to deliver the assets despite numerous attempts at resolution.
FTX alleges that NFT Stars Limited, an NFT marketplace, owes 831,691 SENATE tokens and 83,169,187 SIDUS tokens, which were purchased through Simple Agreements for Future Tokens (SAFTs) by Alameda Research, FTX's affiliated trading firm. These assets are valued at thousands of dollars.
Similarly, Kurosemi, the company behind AI agent platform Delysium, is accused of withholding 75 million AGI tokens worth over a million dollars. FTX contends that Maclaurin Investment—the new name for Alameda Ventures—has yet to receive any of these tokens.
The lawsuits demand that both companies turn over the fettered assets and also seek punitive damages. To date, there's no evidence that either company has taken any action to resolve the issue.
FTX, which filed for bankruptcy in November 2022, has made it clear that it will continue to actively pursue recoveries for its creditors. It encourages other token and coin issuers to return all assets that rightfully belong to FTX.
Stay tuned for more updates as this situation unfolds.
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[1] [en]; [2] [en]; [3] [en][1] https://www.coindesk.com/business/2023/12/05/bankrupt-crypto-exchange-ftx-sues-companies-for-allegedly-withheld/[2] https://www.cnbc.com/2023/12/05/ftx-sues-token-issuers-nft-stars-kurosemi-for-allegedly-not-returning-digital-assets.html[3] https://www.tfreporter.com/breaking-news/2023/12/05/bankrupt-crypto-exchange-ftx-sues-nft-stars-and-kurosemi-companies-for-allegedly-withholding-digital-assets.html
- The troubled cryptocurrency exchange, FTX, has warned NFT Stars Limited and Kurosemi Inc. to return 831,691 SENATE tokens, 83,169,187 SIDUS tokens, 75 million AGI tokens, and all other assets that rightfully belong to FTX.
- FTX, in a bold move, has filed lawsuits against these companies for allegedly withholding digital assets that were rightfully theirs, seeking not only to turn over the fettered assets but also punitive damages.
- The blockchain-based business, FTX, claims that these altcoins, purchased through Simple Agreements for Future Tokens (SAFTs) by Alameda Research, its affiliated trading firm, have yet to be delivered.
- In the world of finance and business, Ethereum isn't the only cryptocurrency under scrutiny, as FTX is actively pursuing recoveries for its creditors, reminding other token and coin issuers of their responsibility.
- Amidst the latest scams in the cryptocurrency landscape, it's crucial for investors to do their due diligence before making high-risk investments, as losses incurred are their responsibility.
