FTX Estate Sues NFT Marketplace and AI Gaming Platform Over Token Agreements
FTX Trading and the FTX Recovery Trust filed lawsuits against NFT Stars and Kurosemi (Delysium) in U.S. Bankruptcy Court, alleging failure to deliver tokens promised under investment agreements with Alameda Ventures. The lawsuits aim to compel the companies to return tokens purchased through Simple Agreements for Future Tokens (SAFTs). FTX seeks immediate asset return, damages for breach of contract, and sanctions for violations of bankruptcy protections. Delysium allegedly extended a token vesting schedule to 48 months and refused to allocate tokens due to FTX's bankruptcy. NFT Stars is accused of not completing token transfers after FTX's bankruptcy filing. FTX claims NFT Stars owes over 831,000 SENATE tokens and 83 million SIDUS tokens. Between June and September 2024, FTX attempted to contact both companies multiple times without response.
