FTX has initiated legal proceedings against certain token and coin issuers, including NFT Stars Limited and KUROSEMI INC. (operator of the AI gaming platform Delysium), for failing to return tokens contractually owed to the FTX estate. The FTX Recovery Trust has indicated that additional lawsuits will be filed against other non-responsive token issuers as part of its efforts to recover assets. Law enforcement agencies and cryptocurrency exchanges are monitoring the situation. Experts emphasize that legal action is essential for recovering stolen or missing crypto assets, as blockchain investigations alone have limitations. The FTX estate is urging cooperation from token issuers to avoid further litigation. Meanwhile, industry voices have shared lessons and warnings about risks in the crypto space, including the importance of legal recourse in asset recovery and caution against scams promising recovery without court involvement.
I've been in crypto for a little over 6 years. Here's every painful mistake I made (so you dont have to): 1. Didnt farm defi summer 2. Sold thousands of $ETH at bottom in panic on March 15th, 2020 during the Covid Collapse 3. Locked my $CRV for 4 years at 90c buy-in cost 4. https://t.co/kIIl5cjXzL
"If they promise recovery without a court case, they're scamming you."🔥 @star_compliance’s Taras Podhorodetskyi & @coinspaid’s Max Krupyshev drop advice on spotting scams & explain the real way to freeze and recover assets. Learn why tracing alone won't save stolen crypto.👇 https://t.co/CyLux5cZkS
Earlier this week I shared 3 of the (many) mistakes I’ve made in crypto: Mistake 1: Blindly trusting and following influencers Mistake 2: Not selling because I felt diversified Mistake 3: Using leverage without a plan You can read the full post here: https://t.co/Tyix4SZGCD