Bankruptcy Crypto Exchange FTX has brought lawsuits against the non-fun Token Market Square NFT stars and the blockchain gaming company Kurosemi, which acts as Delysium, accusing them of detained tokens they owed.
The lawsuits, both filed in the Delaware Competition Court, claimed that NFT stars and Delysium did not deliver all the tokens paid by FTX despite repeated attempts to resolve the case.
The FTX claimed in a statement on April 28 that it made “several unanswered attempts” to engage in both companies, and it would be “to contact several other token and coin issuers regarding FTX assets and will submit additional suit against non-responsive parties.”
As part of the complaint against Delysium, the FTX claimed its abandoned trade arm, Alameda Research, paid $ 1 million in January 2022 for 75 million of the game company’s AGI tokens.
It claimed that the original token launch was in April 2023, and Alameda Research’s share of Tokens was subject to a vesting plan that started with 20% unlocking after 12 months.
However, the FTX said the time frame was extended to 48 months and then stopped completely because of its bankruptcy after its collapse in November 2022.
Meanwhile, FTX’s complaint about the NFT star marketplace claimed it paid $ 325,000 in November 2021 for 1.35 million Senates Tokens and 135 million Sidus tokens.
After a partial delivery, FTX claimed that NFT stars stopped the delivery of the remaining 831,000 Senates tokens and 83 million Sidus -Tokens, also because of the bankruptcy proceedings, the company claimed.
FTX wants tokens plus damage
The FTX asked the court to assign it the remaining token plus damage, arguing that the tokens hit a pointed value and could have been sold for a profit if they had been delivered on time.
Delysium’s Token Agi hit a top price of $ 0.672 in May 2024, according to CoingeCKO. It has since lost 90% of its value and trades for $ 0.067.
The Senate reached $ 5.85 in January 2022, but has since lost 99% of its value, while Sidus hit its top price so far at $ 0.19 in January 2022, but has since fallen 99%, CoingeCKO data shows.
NFT stars and Delysium did not immediately respond to CointeleGraph’s requests for comment.
FTX has tried to itch back funds as it claims is due to the collapsed crypto exchange.
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In November last year, it filed a trio of litigation, a against Skybridge Capital and its founder, Anthony Scaramucci, to recover funds used by former FTX management director Sam Bankman-Fred about sponsorship and investment agreements.
Another case was filed against Crypto Exchange Binance and its former CEO Changpen Zhao in an attempt to recover $ 1.76 billion value of cryptocurrency sent to the exchange as part of a repurchase agreement in July 2021.
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