FTX sues two token issuers to recover unreturned assets, plans more lawsuits

avatar
PANews
04-29
This article is machine translated
Show original

PANews reported on April 29 that according to the Associated Press, the bankrupt crypto exchange FTX and its liquidation trust have initiated asset recovery legal actions, filing lawsuits against NFT Stars Limited and KUROSEMI INC (Delysium's operator), alleging their refusal to deliver tokens as specified in the contract. FTX stated that it has repeatedly attempted non-litigation negotiations without success and is now contacting dozens of other token issuers to recover assets, with legal measures to be taken against those who do not cooperate.

The FTX liquidation team's statement emphasized that they will make every effort to recover digital assets belonging to the bankruptcy estate to protect creditors' interests, while urging relevant issuers to respond promptly to avoid litigation. This legal action represents a significant progress in the asset recovery process of the FTX bankruptcy liquidation.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments