title: Bankrupt Crypto Exchange FTX Sues NFT Stars and Delysium for Allegedly Not Returning Digital Assets

The bankrupt cryptocurrency exchange FTX is suing two companies for allegedly not returning digital assets.

In a statement on Thursday, FTX said it filed complaints in a U.S. bankruptcy court against token issuers NFT Stars Limited and Kurosemi Inc. for failing to provide FTX with “contractually entitled tokens” as part of a broader effort to recover assets for its creditors.

“We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement,” FTX said.

“Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors, including by filing two complaints against issuers who have repeatedly ignored our attempts to engage.”

“Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors, including by filing two complaints against issuers who have repeatedly ignored our attempts to engage.”

Both complaints also demand that the companies pay maximum allowable punitive damages.

According to a complaint filed on Wednesday, Alameda Ventures, now called Maclaurin Investment, is still owed 831,691 SENATE (SENATE) tokens and 83,169,187 Sidus (SIDUS) tokens from NFT Stars Limited, a non-fungible token (NFT) marketplace.

Maclaurin paid $325,000 for the right to receive a total of 1,354,166 SENATE tokens and 135,416,666 SIDUS token.

In the lawsuit against Kurosemi, the company behind artificial intelligence (AI) agent platform Delysium, FTX alleges Maclaurin paid $1 million to receive 75 million Delysium (AGI) tokens once the token was launched, subject to a vesting schedule.

However, FTX says no tokens have yet been received, and the complaint suggests that Delysium does not intend to transfer the tokens.

“On October 27, 2023, the moderator of the Delysium Discord channel wrote: ‘Due to [FTX’s] bankruptcy, we will not be allocating them the tokens, despite them being sold SAFT [Simple Agreement for Future Tokens] to a company that was later acquired by Alameda, a part of the FTX bankruptcy. We will be allocating the tokens to another company that is planning to use them for interesting projects in the Delysium ecosystem.’

FTX filed for bankruptcy in November 2022 after imploding amid accusations that its then-chief executive, Sam Bankman-Fried, mishandled the exchange’s funds by loaning out billions of dollars worth of customer deposits to Alameda Research, FTX’s trading affiliate.