Saturday, June 28, 2025
Catatonic Times
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
No Result
View All Result
Catatonic Times
No Result
View All Result

FTX Sues NFT Star Marketplace In Bid To Recover Lost Funds

by Catatonic Times
May 5, 2025
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on Twitter


Be a part of Our Telegram channel to remain updated on breaking information protection

FTX, the crypto trade that went bankrupt, has filed a lawsuit towards NFT Stars, an Ethereum blockchain-based digital non-fungible token market, and Kurusemi (Delysium), a famend blockchain firm. The crypto trade seeks to get well funds from the 2 corporations after they didn’t ship all of the digital tokens, like cryptocurrencies or NFTs, that FTX had paid for.

FTX Perseus NFT Stars And Kurosemi

In a press launch revealed earlier this week, the FTX Restoration Belief confirmed that it filed a lawsuit on Monday towards NFT Stars NFT market and Kurosemi, which does enterprise as Delysium, alleging the 2 corporations didn’t ship crypto tokens promised underneath funding agreements with Alameda Analysis’s enterprise arm, Alameda Enterprise. Within the FTX, Alameda Analysis acted as FTX’s important market maker. It performed a big function within the development of FTX.

FTX Seeks to Recuperate $1.8mm in AGI tokens, $88k in SIDUS tokens, and $8.8k in SENATE tokens

Of all of the issues collectors wish to hear about in a press launch, this is not a lot of an replace. pic.twitter.com/OKUMwKM76J

— Mr. Purple (@MrPurple_DJ) April 30, 2025

FTX was one of many main cryptocurrency exchanges that allowed customers to purchase, promote, and commerce numerous cryptocurrencies. Clients may additionally retailer cryptocurrencies by making a crypto pockets utilizing software program or {hardware}, which isn’t a part of the platform. It was a serious participant within the crypto trade market earlier than its collapse in 2022 as a result of fraudulent actions and misuse of buyer funds.

The FTX crypto trade has come again to life and has began chasing crypto initiatives that had defrauded its funds. The staff has filed a lawsuit towards NFT Star, a non-fungible token market platform permitting customers to purchase, promote, and commerce NFTs, and Delysium, a challenge constructing a digital world the place people and AI Digital Beings coexist on a blockchain. The challenge goals to create an open-world, AI-powered, and player-owned MMO sport in a cyberpunk setting, set in 2070.

In a cost sheet tabled earlier than the U.S. Chapter Court docket in Delaware, the FTX Restoration Belief claims that NFT Stars and Delysium didn’t ship the digital tokens FTX had paid for. Regardless of FTX attempting many occasions to resolve the difficulty with these corporations, they haven’t responded or delivered the tokens. The FTX staff famous that they reached out a number of occasions to each corporations with out success.

FTX Desires Its +$1.3M Again

Within the case towards market NFT Stars, FTX claims it paid $325,000 in November 2021 for rights to 1.35 million SENATE tokens and 135 million SIDUS tokens. Whereas NFT Stars initially delivered a few of the tokens, it allegedly failed to finish additional transfers following FTX’s chapter submitting. And within the case towards Delysium, FTX says its buying and selling firm, Alameda Analysis, paid $1 million in January 2022 to purchase 75 million AGI tokens. Neither NFT Stars nor Delysium responded to requests for remark.

Associated NFT Information:

Greatest Pockets – Diversify Your Crypto Portfolio

Best Wallet

Simple to Use, Characteristic-Pushed Crypto Pockets
Get Early Entry to Upcoming Token ICOs
Multi-Chain, Multi-Pockets, Non-Custodial
Now On App Retailer, Google Play
Stake To Earn Native Token $BEST
250,000+ Month-to-month Lively Customers

Best WalletBest Wallet

Be a part of Our Telegram channel to remain updated on breaking information protection





Source link

Tags: BidFTXFundsLostMarketplaceNFTRecoverstarSues
Previous Post

Bitcoin Price Rally Incoming? Bulls Target $95K and Beyond

Next Post

Ethereum Price Nears Launch Point — Can It Break Free This Time?

Related Posts

Bitcoin Forms 4-Year Inverse H&S Pattern – Neckline Break Could Send It Parabolic
Bitcoin

Bitcoin Forms 4-Year Inverse H&S Pattern – Neckline Break Could Send It Parabolic

June 27, 2025
After Torres’ No, Lawyer Predicts When It’s Over
Bitcoin

After Torres’ No, Lawyer Predicts When It’s Over

June 27, 2025
Trump-Linked WLFI Secures 0M UAE Investment
Bitcoin

Trump-Linked WLFI Secures $100M UAE Investment

June 27, 2025
XRP Price Declines Back To  As Legal Dispute With SEC Continues
Bitcoin

XRP Price Declines Back To $2 As Legal Dispute With SEC Continues

June 27, 2025
Cathie Wood Trims Coinbase Stake As COIN Hits New ATH
Bitcoin

Cathie Wood Trims Coinbase Stake As COIN Hits New ATH

June 27, 2025
Analyst Drops Bomb On Bitcoin Vs. Global M2 Money Comparisons
Bitcoin

Analyst Drops Bomb On Bitcoin Vs. Global M2 Money Comparisons

June 27, 2025
Next Post
Ethereum Price Nears Launch Point — Can It Break Free This Time?

Ethereum Price Nears Launch Point — Can It Break Free This Time?

Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking?

Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Catatonic Times

Stay ahead in the cryptocurrency world with Catatonic Times. Get real-time updates, expert analyses, and in-depth blockchain news tailored for investors, enthusiasts, and innovators.

Categories

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

Latest Updates

  • Bitcoin 4-Hour Chart Flashes Bullish Momentum — Breakout Brewing?
  • Bitcoin Forms 4-Year Inverse H&S Pattern – Neckline Break Could Send It Parabolic
  • Goldman Sachs Internship Acceptance Harder Than Harvard
  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.