Crypto Trade FTX Restricted NFT Starsi and Gaming Platform Delysium Kuromemi Inc. Has filed a case against The lawsuit has been taken in the US Delaware Bankruptcy Court.
FTX alleges that these two companies did not give promised tokens, which were very important for the recovery process of FTX estate. The FTX was also tried to contact several times, but when no response was received, the company had to turn to the court.
The statement issued by FTX said, “We all appeal to all the tokens and coin issuing companies to return the assets that are legally FTX. Our team is constantly working so that we can recover more and more money and reach them to our customers.”
FTX is preparing to give second installment to customers
This lawsuit has come up at a time when FTX is preparing to give a second installment of payment to customers under its recovery process and FTX KYC Compensation Closing Date Extended by 1 June Is. At the same time, according to the project approved by the court in October 2024, FTX is targeting 98% of creditors to return 119% of their claims. Payment of the second installment is going to start from 30 May 2025.
The current FTX team, which is handling the Chapter Skilled John Ray and so far the team has recovered an amount of $ 14.5 billion to $ 16.3 billion. The entire process began after the disclosure of customers ‘misuse of $ 8 billion by Customers’ Founder Sam Bankman-Fared.
FTX’s legal team Sullivan & Cromwell LLP has also warned that if other tokens and coin issuing companies did not cooperate, cases will be filed against them soon.
The result of these new cases can make FTX’s total recovery and the amount to the customers stronger. This case is considered to be a major step towards finalizing one of the largest insolvency circumstans in the Crypto industry.
Conclusion
FTX’s case against NFT Stars and Delysium is part of the company’s recovery strategy, the main objective of which is to return their money to the customers. This case will not only strengthen FTX’s economic return, but will also give a message to other crypto companies that it is necessary to follow the contracts. As the payment of the second installment comes closer, the lawsuit can play an important role in strengthening FTX’s image and the trust of investors. Along with this, if you want to read news related to other Crypto Exchanges, then you can read our Crypto Exchanges section, where you Order to Crypto exchanges, get updated before 30 June KYC You will get such a new information.
