There are some mornings on the trail when the black earth seems heavier, when even the sun seems to roll up slow, dust-covered, and unwilling. It was under such a time—bankruptcy, the kind of word that sits in a man’s stomach like a rock—that FTX, a gasket-busted exchange, loaded its worn-down legal wagon and headed straight for the doorsteps of NFT Stars and Kurosemi (who dresses up as Delysium on the weekends, just for style).
Now, it doesn’t take a Wall Street banker with polished shoes to know when a deal’s gone sideways. FTX claimed they reached out to these fellas time and again, like calling a neighbor to borrow a cup of sugar only to get left knocking in the rain. The Delaware bankruptcy court’s got itself two fresh lawsuits—one with the fancy scent of digital tokens and another with that tang of missed opportunity that makes folks’ lawyers pop out of the woodwork like spring jackrabbits.
“We tried,” muttered FTX, in words so dry they could sand wood, “but our calls just whistled past empty windows.” There were “numerous unanswered attempts,” which in the crypto world is usually code for “ghosted worse than your Tinder date.” All that’s left is the grim promise: “More lawsuits incoming.” Legal busywork seems to be all FTX has left in its saddlebag these days.
FTX’s beef with Delysium is simple: back in January 2022, they paid $1 million for 75 million AGI tokens, with dreams as big as the gold rush and none of the luck. The token launch was April 2023, vesting schedule as tangled as a California bramble—first twelve months, then forty-eight, and then… nothing. FTX toppled over in November 2022, and suddenly, the tokens froze like cattle in a blizzard.
The complaint against NFT Stars is much the same tune, different verse. FTX shelled out $325,000 in November 2021—one and a third million SENATE tokens, and a heart-stopping 135 million SIDUS shiny trinkets, expecting a windfall. But after a partial delivery (because who doesn’t love a cliffhanger?), NFT Stars put down the shovel and stopped digging, blaming bankruptcy as if it were the flu.
FTX wants tokens plus damages
Now, FTX has stomped up to the court and hollered for the tokens, for damages, for anything left that jingles. They say, “Your Honor, these digital coins were worth a herd of cattle last year!” But market winds are fickle as a campfire—AGI hit nearly seventy cents a pop in May 2024, now flopped down to six cents, more deflated than your uncle’s old hat. SENATE and SIDUS? Both saw their best days back in January 2022. Now, they’re worth about as much as yesterday’s promises.
NFT Stars and Delysium didn’t reply—maybe busy, maybe just laughing real quiet at the back of the saloon. Meanwhile, FTX keeps hustling to reclaim what’s owed, their lawyers running faster than a prairie dog with its tail on fire.
Last November, FTX pulled three more lawsuits out of their hat, including one aimed at SkyBridge Capital and its silver-tongued founder Anthony Scaramucci—a man who can sell the Brooklyn Bridge and still have it left in his pocket. Another suit was slung Binance’s way, seeking over $1.7 billion in crypto, which probably still keeps Changpeng Zhao up at night counting digital sheep.
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2025-04-30 08:58