1 month ago
Bankrupt crypto speech FTX has filed lawsuits against the non-fungible token marketplace NFT Stars and the blockchain gaming steadfast Kurosemi, which operates arsenic Delysium, accusing them of withholding tokens they owed.
The lawsuits, some filed successful the Delaware bankruptcy court, alleged that NFT Stars and Delysium failed to present all the tokens paid for by FTX contempt repeated attempts to resoluteness the matter.
FTX claimed successful an April 28 connection that it made “numerous unanswered attempts” to prosecute with some firms, and it would beryllium “contacting galore different token and coin issuers regarding FTX assets and volition beryllium filing further suits against non-responsive parties.”
Source: FTXAs portion of the ailment against Delysium, FTX claimed its defunct trading arm, Alameda Research, paid $1 cardinal successful January 2022 for 75 cardinal of the gaming firm’s AGI tokens.
It claimed the archetypal token motorboat was successful April 2023, and Alameda Research’s stock of the tokens was taxable to a vesting docket that started with 20% unlocking aft 12 months.
However, FTX said the timeframe was extended to 48 months and past halted altogether owed to its bankruptcy following its illness successful November 2022.
Meanwhile, FTX’s ailment against marketplace NFT Stars claimed it paid $325,000 successful November 2021 for 1.35 cardinal SENATE tokens and 135 cardinal SIDUS tokens.
After a partial delivery, FTX claimed NFT Stars halted transportation of the remaining 831,000 SENATE tokens and 83 cardinal SIDUS tokens, besides owed to the bankruptcy proceedings, the institution claimed.
FTX wants tokens positive damages
FTX asked the tribunal to grant it the remaining tokens positive damages, arguing the tokens deed a highest worth and could person been sold for a nett had they been delivered connected time.
Delysium’s token AGI deed a highest terms of $0.672 successful May 2024, according to CoinGecko. It has since mislaid 90% of its worth and is trading for $0.067.
SENATE reached $5.85 successful January 2022 but has since mislaid 99% of its value, portion Sidus deed its apical terms truthful acold of $0.19 successful January 2022 arsenic well, but has since plunged 99%, CoinGecko information shows.
NFT Stars and Delysium didn’t instantly respond to Cointelegraph’s requests for comment.
FTX has been trying to claw backmost funds it claims are owed to the collapsed crypto exchange.
Related: Shaquille O’Neal reaches colony successful FTX lawsuit, presumption stay secret
In November past year, it filed a trio of lawsuits, 1 against SkyBridge Capital and its founder, Anthony Scaramucci, to recoup funds spent by erstwhile FTX CEO Sam Bankman-Fried connected sponsorship and concern deals.
Another suit was filed against crypto speech Binance and its erstwhile CEO, Changpeng Zhao, successful a bid to retrieve $1.76 cardinal worthy of cryptocurrency sent to the speech arsenic portion of a July 2021 repurchase deal.
Magazine: ‘Hong Kong’s FTX’ victims triumph lawsuit, bankers bash stablecoins: Asia Express
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