Even After Collapse, FTX Isn't Stepping Out of the Spotlight. It's Targeting NFT Stars and KUROSEMI INC.

In the latest FTX News update, the bankrupt crypto exchange has launched a legal offensive to recover assets in a fresh effort to speed up FTX repayments.

Even after its collapse, FTX isn't finished making headlines. In the latest FTX news update, the bankrupt crypto exchange has launched a legal offensive to recover assets in a fresh effort to speed up FTX repayments.

FTX has filed lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind Delysium, claims the firm failed to deliver specific tokens that belong to its estate.

According to a new press release on PR Newswire, FTX has begun lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind Delysium.

The release claims that despite multiple reminders and negotiation attempts, the firms failed to deliver the promised tokens, which are rightfully part of the FTX estate.

With out-of-court talks unsuccessful, FTX is now seeking court orders to force the return of the disputed assets.

More lawsuits are on the horizon, targeting other token and coin issuers who are allegedly holding onto assets. FTX is actively reaching out to these companies to return the tokens. However, if these companies fail to cooperate, they can expect swift legal action.

On the other side, crypto analyst Eva Lenoir shaded FTX's legal move, sarcastically calling it a "sheriff" act. She questions where this energy was when Sam Bankman-Fried was mishandling users' funds.

suggesting that the lawsuits against NFT Stars and Delysium come far too late to matter.

Furthermore, she believes that the real losers are small investors who will bear the brunt of the legal costs. In contrast, Bitcoin remains strong and unshaken, still shining brightly.

Why FTX Is Ramping Up the Pressure

The FTX legal team emphasized that every asset recovery makes a difference. Returning these tokens could significantly boost the funds available for FTX repayments to creditors.

Creditors are still waiting for compensation after the exchange's catastrophic collapse.

While FTX prefers to resolve matters amicably, it has made it clear that it will not hesitate to pursue aggressive legal remedies if necessary.

In its mission to maximize FTX repayments, the collapsed exchange is taking no prisoners. Lawsuits are now firmly on the table, and more companies could soon find themselves in FTX's crosshairs.

The FTX bankruptcy case continues to unfold, with new developments arising in the ongoing effort to maximize repayments to creditors.