FTX sues NFT Stars and Kurosemi, accusing them of withholding owed Tokens.

According to Techub News and Cointelegraph, FTX has filed a lawsuit against the non-fungible token market NFT Stars and the blockchain gaming company Kurosemi operating under the name Delysium, accusing them of withholding owed tokens. Both lawsuits were filed in the Delaware bankruptcy court, accusing NFT Stars and Delysium of failing to deliver all tokens paid for by FTX despite multiple attempts to resolve the matter.

As part of the complaint against Delysium, FTX claims that its defunct trading arm, Alameda Research, purchased 75 million AGI tokens of the gaming company for $1 million in January 2022. The company claims that the initial token offering was in April 2023, and that the token shares held by Alameda Research will follow a vesting plan, i.e., 20% unlocked after 12 months. However, FTX said that due to its bankruptcy after its collapse in November 2022, this period was extended to 48 months before being stopped entirely. FTX's complaint against marketplace NFT Stars alleges that it purchased 1.35 million SENATE tokens and 135 million SIDUS tokens for $325,000 in November 2021. FTX claims that NFT Stars stopped the delivery of the remaining 831,000 SENATE tokens and 83 million SIDUS tokens after the partial delivery, which the company claims is also due to bankruptcy proceedings. FTX asked the court to award its remaining tokens and damages, saying the tokens had peaked in value and could be sold for a profit if delivered on time.