FTX sues two token issuers to recover unpaid assets and plans to initiate more lawsuits

According to a report by PRNewswire, the bankrupt cryptocurrency exchange FTX and its liquidation trust have announced the initiation of asset recovery legal actions and have filed lawsuits against NFT Stars Limited and KUROSEMI INC (Delysium operator), accusing them of refusing to deliver the tokens as agreed in the contract. FTX has made multiple attempts at non litigation negotiations without success, and is currently contacting dozens of other token issuers to recover assets. Legal measures will be taken against those who refuse to cooperate. The FTX liquidation team emphasized in a statement that they will make every effort to recover digital assets belonging to the bankrupt consortium to protect the rights and interests of creditors, and urge relevant issuers to respond promptly to avoid litigation. This legal action is an important progress in asset recovery in the FTX bankruptcy liquidation process.