29-4-2025 – The beleaguered cryptocurrency exchange FTX, now mired in bankruptcy, has ignited a fierce legal campaign to reclaim assets it claims are rightfully its own. The once-lauded platform, brought low by a spectacular collapse, is not fading quietly into obscurity. Instead, it has unleashed a barrage of lawsuits, with NFT Stars Limited and KUROSEMI INC., the firm steering Delysium, squarely in its sights. FTX alleges these companies have withheld vital tokens owed to its estate, despite repeated entreaties and fruitless negotiations. With diplomacy faltering, the exchange has turned to the courts, seeking judicial muscle to compel the return of these contested assets.
The legal salvo is but the opening gambit, FTX warns. More companies—token issuers and coin operators alike—could soon face similar writs if they fail to surrender assets the exchange insists belong to its creditors. FTX has extended olive branches, urging cooperation, but its message is stark: comply or brace for a bruising courtroom showdown. This uncompromising stance underscores the exchange’s determination to amass every possible resource to repay creditors still reeling from its catastrophic implosion.
Yet, not all view FTX’s legal crusade with admiration. Crypto analyst Eva Lenoir has cast a withering eye on the exchange’s tactics, dismissing them as a belated show of bravado. With biting irony, she questions why such zeal was absent when Sam Bankman-Fried’s mismanagement squandered users’ funds. Lenoir argues that these lawsuits, aimed at firms like NFT Stars and Delysium, are a case of too little, too late. She contends that the true victims—small investors—will shoulder the fallout, while Bitcoin, unbowed by the chaos, continues to gleam as a beacon of resilience.
At the heart of FTX’s aggressive manoeuvres lies a singular goal: maximising the pool of funds available for creditors left stranded by the exchange’s downfall. Every token recovered, the legal team asserts, is a step toward restitution for those still awaiting recompense. While FTX expresses a preference for amicable resolutions, its readiness to wield the full force of the law signals a broader resolve.
