FTX Sues Token Issuers Over Withheld Assets Amid Recovery Push
The post FTX Sues Token Issuers Over Withheld Assets Amid Recovery Push appeared on BitcoinEthereumNews.com. Crime FTX Trading Ltd. and the FTX Recovery Trust have launched legal proceedings against token issuers who allegedly failed to deliver assets owed to the bankrupt exchange. In a statement issued yesterday, FTX announced that it had filed lawsuits against NFT Stars Limited and KUROSEMI INC. (operating as Delysium), accusing both of withholding contractually obligated tokens. The move marks the start of a broader legal strategy aimed at recovering estate assets. FTX says it plans to take similar legal steps against other non-compliant token issuers. FTX: “Return What Belongs to the Estate” According to the statement, FTX has made repeated attempts to contact these issuers and resolve the matter amicably—but received no response. Now, the estate is turning to the courts. “We urge token and coin issuers to return assets that rightfully belong to FTX,” the estate said. “If parties refuse to engage, we are prepared to litigate.” The estate emphasized its commitment to maximizing returns for creditors and restoring lost funds. Additional lawsuits are expected in the coming weeks. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/ftx-sues-token-issuers-over-withheld-assets-amid-recovery-push/
The post FTX Sues Token Issuers Over Withheld Assets Amid Recovery Push appeared on BitcoinEthereumNews.com.
Crime FTX Trading Ltd. and the FTX Recovery Trust have launched legal proceedings against token issuers who allegedly failed to deliver assets owed to the bankrupt exchange. In a statement issued yesterday, FTX announced that it had filed lawsuits against NFT Stars Limited and KUROSEMI INC. (operating as Delysium), accusing both of withholding contractually obligated tokens. The move marks the start of a broader legal strategy aimed at recovering estate assets. FTX says it plans to take similar legal steps against other non-compliant token issuers. FTX: “Return What Belongs to the Estate” According to the statement, FTX has made repeated attempts to contact these issuers and resolve the matter amicably—but received no response. Now, the estate is turning to the courts. “We urge token and coin issuers to return assets that rightfully belong to FTX,” the estate said. “If parties refuse to engage, we are prepared to litigate.” The estate emphasized its commitment to maximizing returns for creditors and restoring lost funds. Additional lawsuits are expected in the coming weeks. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/ftx-sues-token-issuers-over-withheld-assets-amid-recovery-push/
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