Tag: ftx

FTX Sues NFT Stars & Delysium: Will They Return the Tokens?

FTX Sues NFT Stars & Delysium: Will They Return the Tokens?

The collapse of FTX last September sent shockwaves through the crypto world, and the fallout is still ongoing. Currently, FTX is pursuing lawsuits to reclaim these assets, including lawsuits against NFT Stars and Delysium. Token ATH! Token ATH! is your guide to understanding all of this — what’s going on,...

FTX's Lawsuits AGI Token Mess Signals Crypto Market Instability

FTX's Lawsuits AGI Token Mess Signals Crypto Market Instability

The recent lawsuits filed by FTX, targeting NFT Stars and Delysium over undelivered tokens, are more than just legal wranglings. They’re flashing neon signs pointing to the systemic instability just below the shiny surface of the crypto market. We’re talking about serious cash—all of it yours. It might fade into...

FTX Pursues NFT Stars and Delysium in Token Recovery Lawsuits

FTX Pursues NFT Stars and Delysium in Token Recovery Lawsuits

FTX has a legal action launched against NFT Stars and Delysium (Kurosemi). They are expecting them to get digital tokens that they’ve already purchased back. Those suits were filed in a Delaware bankruptcy court. Each plaintiff claims that these firms failed to provide the promised number of tokens, from crypto...

FTX's Token Clawback Is More Than Just Bankruptcy Cleanup

FTX's Token Clawback Is More Than Just Bankruptcy Cleanup

Put aside the bankruptcy court complaints and legalese for a moment. FTX suing NFT Stars and Delysium for failing to deliver tokens is more than an asset recovery effort. It's about something far more fundamental: Can we even trust crypto? What does this tell us about the so-called “decentralized future”...

FTX Sues NFT Stars & Kurosemi: Asset Recovery Heats Up!

FTX Sues NFT Stars & Kurosemi: Asset Recovery Heats Up!

Meanwhile, the bankrupt cryptocurrency exchange FTX is increasing its stakes in its asset recovery efforts. Earlier this month, for instance, it took successful legal action against NFT Stars Limited and Kurosemi Inc., the operator of the Delysium platform. These types of lawsuits concentrate on claims that each company failed to...

FTX's Lawsuits: A Boomer's Pragmatic Take on Crypto's Reckoning

FTX's Lawsuits: A Boomer's Pragmatic Take on Crypto's Reckoning

So, FTX is suing folks. Big deal, right? Another day, another crypto drama. Frankly, this is not merely about recouping losses. It’s a reflection of something much worse, a reckoning that is long overdue. As one who can still recall a world before the internet, let me assure you, I’ve...

PROOF Act Gains Momentum as FTX Pursues Asset Recovery

PROOF Act Gains Momentum as FTX Pursues Asset Recovery

Among these efforts, US Senators Elizabeth Warren and Josh Hawley have introduced the PROOF Act, a legislative initiative specifically aimed at regulating cryptocurrency exchanges. The change comes after the very collapse of FTX and is meant to keep such events from happening again. Under the legislation, crypto exchanges would have...

FTX's Lawsuits: Gen Z Demands More Than Just Asset Recovery

FTX's Lawsuits: Gen Z Demands More Than Just Asset Recovery

In this matter, FTX is suing NFT Stars and Kurosemi for failing to deliver NFTs. This bears all the hallmarks of a stopgap measure addressing a serious, underlying concern. Of course, recovering investor assets is important, especially for investors who are still suffering from the platform’s failure. We are discussing...

FTX's Token Recovery A Necessary Evil For Market Stability?

FTX's Token Recovery A Necessary Evil For Market Stability?

The crypto world is exploding again. https://t.co/0639YVYMfj pic.twitter.com/6WYHsy0xi9 This time, it’s different—not just meme coins and the latest celebrity NFT drops. Now it’s FTX, reanimated from the dead (kinda), suing NFT Star and Delysium to try and regain some tokens. Is this the cynical move of a cold, calculating, bankrupt...

FTX Seeks Return of Millions in Tokens from NFT Star and Delysium

FTX Seeks Return of Millions in Tokens from NFT Star and Delysium

By all accounts, FTX is hoping to sue NFT Star and Delysium to get back millions of dollars in tokens. The cryptocurrency exchange, currently embroiled in bankruptcy proceedings, has repeatedly attempted to reclaim these assets before turning to the courts. The legal actions, reported on April 28, aim to ensure...