Bankrupt crypto exchange FTX has taken legal action against the non-fungible token (NFT) marketplace NFT Stars and the blockchain gaming company Kurosemi, which is behind the game Delysium, accusing them of failing to deliver tokens that were owed. These lawsuits were filed in Delaware bankruptcy court, alleged that both NFT Stars and Delysium had not fulfilled their obligations despite FTX's efforts to resolve the issue. 

FTX claims that it made several attempts to contact the firms but received no response. As a result, the exchange is now seeking legal recourse to recover the tokens it believes it is owed. In a statement issued on April 28, FTX indicated that these lawsuits are only the beginning of a larger effort to track down missing assets. The exchange revealed plans to reach out to other token and coin issuers and file additional lawsuits against other parties that have been unresponsive.

This legal action highlights the challenges faced by FTX as it attempts to recover funds following its collapse, with the exchange exploring all avenues to regain the assets that are crucial to its restructuring process. The outcome of these cases might have far-reaching ramifications for the cryptocurrency industry, particularly in terms of how companies are held accountable for token agreements and the delivery of promised assets.

These cases are part of FTX's overall strategy for recovering assets and repaying creditors. Previously, FTX has filed multiple lawsuits against various entities, including political figures and other cryptocurrency exchanges, to reclaim funds it alleges were misappropriated or not delivered. ?
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As the legal proceedings unfold, the outcomes of these cases will be closely watched, not only for their implications on FTX's efforts to recover assets but also for the broader impact on the cryptocurrency and NFT markets.