FTX Estate Takes NFT Marketplace and AI Gaming Platform to Court Over Token Deal Fallout

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2025-04-29 03:09:44

Bankruptcy drama meets Web3 as FTX’s estate flexes legal muscle—because nothing says ’decentralized future’ like lawyers clawing back vaporware promises.

The lawsuit targets two crypto-native startups, exposing the fragile foundations of token agreements signed during the bull market’s reckless heyday. Turns out ’partnership’ means something different when bankruptcy trustees start subpoenaing Discord logs.

One defendant allegedly owes seven figures in unpaid token allocations—a rounding error during 2021’s money printer go brrr era, but now? Let’s just say their legal team is earning every satoshi of retainers.

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