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FTX Takes Legal Action Against Token Issuers Over Unprovided Assets
April 29, 2025 | Author: Qadir AK
In a shocking move, FTX has announced that it is taking legal action against NFT Stars Ltd. and KUROSEMI INC (d/b/a Delysium) for failing to deliver tokens it is entitled to under contract. This sudden turn of events follows numerous attempts by the company to resolve the issue amicably.
The announcement from FTX comes as a surprise, considering that the cryptocurrency exchange giant has been known for its collaborative approach in resolving disputes with other parties involved in the decentralized ecosystem.
According to sources close to the matter, FTX had previously tried to engage with NFT Stars Ltd. and KUROSEMI INC (d/b/a Delysium) to resolve the issue peacefully. However, it seems that these attempts have been unsuccessful, prompting FTX to take a more drastic measure by filing lawsuits against both parties.
In its statement, FTX emphasized that it will not hesitate to file additional lawsuits against other token and coin issuers with outstanding assets if they fail to respond promptly. The company urged these parties to engage in discussions as soon as possible to avoid further legal action.
FTX’s decision to take legal action is a significant development in the cryptocurrency space, where trust issues have become increasingly prevalent due to the lack of regulatory oversight and accountability among some players.
Source: https://coinpedia.org/crypto-live-news/ftx-takes-legal-action-against-token-issuers-over-unprovided-assets/
