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FTX Sues Token Issuer, Urges Cooperation with Asset Return

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2025-04-28 23:07:18
FTX Trading Ltd. and FTX Recovery Trust today announced that legal action has been initiated against some token issuers who hold FTX assets and refuse to cooperate in order to recover the estate. FTX has sued NFT Stars Limited and KUROSEMI INC. (or Delysium) for failing to deliver the contractually agreed tokens to FTX. FTX said, "We urge the token issuers to return the assets that should belong to FTX and are willing to file a lawsuit if they fail to cooperate fully." FTX is also contacting other token issuers and plans to file additional lawsuits against non-responders to maximize the recovery of assets and return creditor funds.
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