FTX Sues NFT Star Marketplace In Bid To Recover Lost Funds

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FTX, the crypto exchange that went bankrupt, has filed a lawsuit against NFT Stars, an Ethereum blockchain-based digital non-fungible token marketplace, and Kurusemi (Delysium), a renowned blockchain company. The crypto exchange seeks to recover funds from the two companies after they failed to deliver all the digital tokens, like cryptocurrencies or NFTs, that FTX had paid for.

FTX Perseus NFT Stars And Kurosemi

In a press release published earlier this week, the FTX Recovery Trust confirmed that it filed a lawsuit on Monday against NFT Stars NFT marketplace and Kurosemi, which does business as Delysium, alleging the two companies failed to deliver crypto tokens promised under investment agreements with Alameda Research’s venture arm, Alameda Venture. In the FTX, Alameda Research acted as FTX’s main market maker. It played a significant role in the growth of FTX.

FTX Seeks to Recover $1.8mm in AGI tokens, $88k in SIDUS tokens, and $8.8k in SENATE tokens

Of all the things creditors want to hear about in a press release, this isn’t much of an update. pic.twitter.com/OKUMwKM76J

— Mr. Purple (@MrPurple_DJ) April 30, 2025

FTX was one of the leading cryptocurrency exchanges that allowed users to buy, sell, and trade various cryptocurrencies. Customers could also store cryptocurrencies by creating a crypto wallet using software or hardware, which is not part of the platform. It was a major player in the crypto exchange market before its collapse in 2022 due to fraudulent activities and misuse of customer funds.

The FTX crypto exchange has come back to life and has started chasing crypto projects that had defrauded its funds. The team has filed a lawsuit against NFT Star, a non-fungible token market platform allowing users to buy, sell, and trade NFTs, and Delysium, a project building a virtual world where humans and AI Virtual Beings coexist on a blockchain. The project aims to create an open-world, AI-powered, and player-owned MMO game in a cyberpunk setting, set in 2070.

In a charge sheet tabled before the U.S. Bankruptcy Court in Delaware, the FTX Recovery Trust claims that NFT Stars and Delysium did not deliver the digital tokens FTX had paid for. Despite FTX trying many times to resolve the issue with these companies, they haven’t responded or delivered the tokens. The FTX team noted that they reached out multiple times to both companies without success.

FTX Wants Its +$1.3M Back

In the case against marketplace NFT Stars, FTX claims it paid $325,000 in November 2021 for rights to 1.35 million SENATE tokens and 135 million SIDUS tokens. While NFT Stars initially delivered some of the tokens, it allegedly failed to complete further transfers following FTX’s bankruptcy filing. And in the case against Delysium, FTX says its trading company, Alameda Research, paid $1 million in January 2022 to buy 75 million AGI tokens. Neither NFT Stars nor Delysium responded to requests for comment.