FTX, the troubled cryptocurrency exchange currently navigating bankruptcy proceedings, is intensifying its efforts to recover assets. Recent reports from Reuters indicate that the firm, along with its liquidation trustee, has embarked on legal actions targeting NFT Stars Limited and KUROSEMI INC, the operator behind Delysium. These entities are accused of failing to provide tokens as stipulated by their contracts, prompting FTX to escalate the situation through litigation.
In a bid to safeguard creditor interests, FTX has been proactive in reaching out to numerous token issuers, pursuing avenues beyond litigation. However, given the unresponsiveness from some parties, the exchange has made it clear that legal recourse will be necessary to reclaim owed assets. This move underscores the complexities surrounding asset recovery in the volatile crypto landscape and highlights FTX’s commitment to fulfilling its obligations to creditors.