FTX Sues NFT Stars and Delysium: A Legal Rollercoaster You Won’t Believe

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  • FTX takes the legal gloves off: Sues NFT Stars and Delysium over “forgotten” crypto tokens.
  • Company hints at more lawsuits—because apparently, ignoring contracts is still a thing.

Well, well, well, if it isn’t the cryptocurrency giant FTX, once the toast of the digital asset world, now engaged in a furious game of legal Whac-A-Mole. FTX has decided that it’s tired of waiting for those sweet, sweet crypto tokens that NFT Stars Limited and KUROSEMI INC. (yes, the folks behind Delysium) promised but never delivered. So, naturally, they’re suing them. Classic FTX move, right? And it gets better—they’re doing all of this via their official X account, because where else do you announce your courtroom drama?

FTX Threatens More Legal Chaos for Token Issuers Who Don’t Answer Their Emails

In a move that surely sent a chill down the spines of every unresponsive token issuer, FTX has issued a public warning. They’ve sent more messages than a teenage girl with a broken phone, but alas, no replies. Now it’s time to take those messages to the courtroom. Apparently, ignoring your agreements with FTX is the fastest way to get slapped with a lawsuit. And they’re not stopping there—oh no. More legal headaches are on the way for those who’ve yet to answer their calls. FTX is out for blood… metaphorically, of course.

Meanwhile, FTX’s estate leaders are on a mission to recover all those missing assets, and they’re as determined as a dog with a bone. They’ve promised that this is all for the greater good of their creditors. So if you’re one of the lucky folks with assets tied up in FTX, well, brace yourself—more lawsuits are probably coming. They’re hoping to get all the missing loot back in a series of “transparent and fair” legal steps. Whether you agree with that is another matter.

The legal drama comes at a time when FTX is still trying to pick up the pieces from its epic financial disaster in 2022. The company has started dishing out payments to people whose claims they’ve validated. No, not the million-dollar ones—those are for later. First, the little guys under $50,000 are getting their dues. Because who doesn’t love a good underdog story, right?

Hold on to your hats, folks, because the second round of payouts is set to start on May 30. That’s right, mark your calendars! In this round, more lucky claimants (those who managed to check all the right boxes) will get their share. Hopefully, FTX can find a way to make up for that $16 billion they’re still trying to recover. Fingers crossed, right?

But, wait! It doesn’t end there. FTX is also targeting uncooperative token issuers, because why stop at the small fry? They’ve gone after Three Arrows Capital for a staggering $1.5 billion (up from $120 million, no less) in a case that’s adding fuel to their legal fire. Can you feel the heat? Because the drama is real, and it’s only getting hotter.

Meanwhile, Sam Bankman-Fried, the man who once ran the FTX ship into the iceberg, is still behind bars. His 25-year sentence, handed down in March 2024, has left him with plenty of time to think about his life choices. But don’t worry, FTX’s current management is working hard to put the whole thing back together, one legal battle at a time. They’ve got more distributions planned and lawsuits lined up, like a well-oiled machine.

So, in conclusion, FTX isn’t giving up. They’re out there doing battle on the legal front, all while trying to rebuild their shattered reputation. If you’re a token issuer, maybe start responding to those emails. Otherwise, you might find yourself in the courtroom with them sooner than you think. As for the rest of us? Grab some popcorn—this is far from over.

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2025-04-30 00:11