FTX Seeks Recovery of Tokens from NFT Companies in Lawsuit

Cryptocurrency exchange FTX, which filed for bankruptcy in 2022 after a liquidity crisis, is taking legal action against two companies, NFT Stars and Kurosemi. The move aims to recover the company’s missing tokens to repay its creditors. FTXX accused the companies of failing to deliver cryptocurrency or NFTs that it paid for, despite several attempts at resolution. FTX sent out warnings to both companies regarding similar issues with their assets and threatened further legal action against those who fail to cooperate.