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3 Token Unlocks for the Second Week of April

FTX Trading Ltd. and the FTX Recovery Trust have filed lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind the gaming platform Delysium, for failing to deliver tokens owed to the FTX estate.

The action was announced in an Apr. 28 press release. The complaints, filed in a Delaware bankruptcy court, accuse the two issuers of breaching their contracts by withholding assets that FTX claims are essential to its recovery efforts. FTX said it made repeated attempts to engage with NFT Stars and Delysium before turning to litigation.

“We urge token and coin issuers to return assets that rightfully belong to FTX,” the estate said in the statement. “Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors.”

(1/3) FTX today announced that to recover estate assets, FTX has commenced legal action against certain token and coin issuers which own FTX assets and have been unwilling to engage.

— FTX (@FTX_Official) April 29, 2025 FTX’s legal team, led by Sullivan & Cromwell LLP, warned that more lawsuits are expected if other issuers do not cooperate. As part of its larger asset recovery strategy, the estate is actively reaching out to other token and coin issuers and intends to file lawsuits against non-responsive parties. 

The lawsuits come as FTX moves forward with its second round of creditor distributions. Following a bankruptcy court-approved plan in October 2024, FTX aims to repay 98% of creditors 119% of their claim values. The second round of payments, which includes Customer Entitlement Claims and General Unsecured Claims, is set to begin on May 30.

FTX collapsed in November 2022 after revelations that founder Sam Bankman-Fried misused $8 billion in customer funds. Under the leadership of bankruptcy specialist John Ray III, the estate has recovered between $14.5 billion and $16.3 billion to date.

The outcome of the lawsuits against NFT Stars and Delysium could play a role in further boosting creditor repayments as FTX pushes to close one of crypto’s biggest bankruptcy cases.

FTX files lawsuits against NFT Stars and Delysium, demanding promised token delivery. The legal push is part of its strategy to recover billions for creditor payouts. The next distribution is scheduled for May 30. FTX has reignited its legal offensive, filing fresh lawsuits against NFT Stars Limited and Kurosemi Inc., the entity behind AI gaming platform Delysium.

According to a court filing in the U.S. Bankruptcy Court in Delaware, the FTX Estate demands the return of tokens bought under clear investment agreements. After over a year of failed outreach attempts, the exchange has turned to the courts, signaling a new chapter in its battle to claw back lost assets.

“FTX today announced that to recover estate assets, FTX has commenced legal action against certain token and coin issuers which own FTX assets and have been unwilling to engage.” the company announced via its official X (formerly Twitter) handle. 

FTX alleges that both companies repeatedly ignored over a dozen communications, refusing to comply with prior contractual obligations. 

Details of the Agreements Reveal Multi-Million Dollar Breaches Court documents lay bare the financial skeletons. In January 2022, Alameda Ventures, now Maclaurin Investment, invested $1 million in Delysium’s AGI token through a Simple Agreement for Future Tokens (SAFT).

The agreement granted FTX 75 million AGI tokens. However, according to the lawsuit, Delysium moved the goalposts, extending the vesting period to 48 months without consent and then outright refusing token delivery.

On the NFT Stars front, FTX had paid $325,000 for 1.35 million SENATE tokens and 135 million SIDUS tokens. While some tokens were reportedly delivered, the rest were never transferred following FTX’s bankruptcy filing.The estate claims over 831,000 SENATE and 83 million SIDUS tokens remain missing, a breach of contract and bankruptcy protections under U.S. law.

A Delysium representative added fuel to the fire by publicly stating in Discord that no tokens would be sent to FTX due to ongoing legal uncertainty. This defiance, now documented in court, has turned what may have been a commercial disagreement into a high-stakes courtroom drama.

Second Round of Repayments Set as Legal Blitz Intensifies As the lawsuits unfold, FTX is preparing to enter the second phase of its creditor repayment plan. Set for May 30, this round includes Class 5 Customer Entitlement and General Unsecured Claims. To return 119% to 98% of eligible claims, FTX’s success in recovering withheld tokens could significantly impact final distributions.

Since its collapse in November 2022, which exposed the mismanagement of over $8 billion in customer funds, FTX has recovered between $14.5 billion and $16.3 billion. The exchange’s founder, Sam Bankman-Fried, was convicted and sentenced to 25 years in prison. Under the stewardship of bankruptcy veteran John Ray III, the FTX Estate has clawed back assets and implemented a strategic legal playbook that is now in full effect.

The recovery battle also mirrors a broader push for regulatory reform. In the aftermath, U.S. lawmakers have proposed the PROOF Act to enforce stricter reserve audits for exchanges. As FTX tightens its grip on missing assets, it could set a precedent for crypto bankruptcy recoveries and token accountability.

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Delysium, a prominent Web3 + AI project developing a blockchain AI agent ecosystem, has partnered with University College London (UCL). In this respect, Delysium is collaborating with the Software Systems Engineering Team of University College London and Dr. He Ye from its Department of Computer Science. As per Delysium’s official social media announcement, this development is set to redefine standards for AI coding by leveraging GPT-5. Hence, the initiative is poised to substantially decrease LLM operational charges and enhance coding advancement across the globe.

Delysium is proud to announce an official partnership with the @ucl Software Systems Engineering Team and Dr. He Ye from the Department of Computer Science, aiming to advance AI coding standards.

We have reached a significant milestone: the integration of GPT-5 + Pass@1 has been… pic.twitter.com/SbkwUuJk5j

— Delysium – $AGI 🟨 (@The_Delysium) October 16, 2025 Delysium and UCL Collaborate to Unveil Prometheus Agent Using GPT-5 The partnership between Delysium and UCL attempts to innovate standards for AI coding by utilizing the GPT-5 technology. As a part of this development the successful development and testing of an open-source agent going by Prometheus. It has already achieved a resolution rate of up to 71.2%, getting the 8th rank worldwide, coming after OpenHandsDev. This robust performance displays the real-world abilities and the potential to set new standards when it comes to AI-assisted programming.

Additionally, Prometheus denotes a crucial step to developing cost-effective AI systems with the potential to handle complicated software engineering activities.  By paying notable attention to multilingual capabilities as well as autonomous workflows, the collaboration intends to eliminate resource and language barriers for builders across the globe. Simultaneously, the initiative will also back the growth of YKILY Network and LycyOSAI platforms to broaden AI accessibility.

AI-Assisted Programming Enters New Epoch with Exclusive Benchmarks According to Delysium, the partnership with UCL is beyond a technological advancement, representing a shifting epoch in the AI-assisted programming sphere. The development also highlights the commitment of both the entities to setting unique standards to minimize dependence on costly proprietary solutions. Their mutual efforts could drive a wave of AI-led innovation to transform the writing, reviews, and deployment of the code globally.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

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Delysium has taken another step toward building what it calls an “autonomous economy,” announcing a partnership with t54.ai to integrate x402secure.com into its YKILY Network. The move, revealed on Delysium’s X account, ties the project’s agent-focused infrastructure to x402, an open, internet-native payment protocol developed with heavy involvement from Coinbase, and promises to let AI agents pay each other directly for data, compute and API calls.

At the heart of the announcement is a practical problem that has dogged autonomous systems: how do you make automated software actors transact real value in a way that’s fast, auditable and safe enough for production? Delysium says the integration solves several pieces of that puzzle. By adopting x402secure, the YKILY Network and Delysium’s flagship agent, Lucy, will be able to execute agent-to-agent payments under an architecture that includes pre-settlement protections, verifiable transaction trails and liability safeguards, measures the partners say are necessary to scale beyond experimental demos.

x402 itself has been positioned in recent months as a standard for “internet-native” payments that revives the HTTP 402 Payment Required status and adapts it for modern, machine-to-machine flows. Built to make tiny, programmatic stablecoin transfers over simple HTTP requests, x402 is aimed squarely at API monetization, pay-per-use models and, increasingly, agentic economies where code, not humans, negotiates and settles transactions. Coinbase’s documentation describes x402 as a fast, chain-agnostic way to embed payments directly into the web stack, which helps explain why projects like Delysium and companies such as t54.ai are rushing to support it.

t54.ai, which has been promoting “x402-secure” as a trust and verifiability layer for agentic payments, will provide the supplemental tooling that aims to make those payments robust in real-world settings. Where x402 lays out the payment mechanics, t54.ai’s approach adds programmable trust primitives and auditability that organizations will likely demand before they let autonomous agents touch production budgets. That combination, a widely supported payments protocol plus a trust layer, is exactly what proponents argue is needed for machine-driven commerce to graduate from research labs to live operations.

Autonomous Agent Economy For Delysium, which has been developing the YKILY Network as a kind of “Stripe for AI agents,” this integration reads as both technical and strategic. The YKILY proposition centers on letting agentic systems coordinate, discover services, and settle for those services without human intervention; bringing x402 into that stack lowers the friction for agents to buy compute, access data, or call metered APIs in real time. Delysium’s broader roadmap, which highlights Lucy as the network’s agentic operating system and YKILY as the payments and collaboration backbone, suggests the team is prioritizing composability with emerging internet payment standards rather than building a wholly proprietary solution.

There are obvious questions about risk, regulation and liability. Delysium and t54.ai stress that the integration includes safeguards, pre-settlement protections, transaction trails and explicit liability measures, intended to make automated flows defensible to auditors and legal teams. Those protections will be crucial if banks, enterprises or regulated platforms are to accept autonomous agents as legitimate economic actors. The debate over how much autonomy agents should have when handling money is just beginning, and projects that can demonstrate both security and transparency will likely lead the way.

If the partnership works as described, it could accelerate a wave of new use cases: agents that dynamically hire compute for model fine-tuning, services that meter API access to other agents, and marketplaces where datasets or compute time are bought and sold in sub-second stablecoin flows.

More broadly, the move underscores a growing industry pattern: standardize the rails (x402), add verifiable trust and tooling (x402secure), and then plug agent networks into that plumbing so autonomous software can operate at scale. Whether that future arrives tomorrow or over the next few years depends on adoption, interoperability and how quickly legal frameworks adapt, but Delysium’s announcement makes clear the technical building blocks are now moving from concept to integration.

The original post and technical details of the announcement were published on Delysium’s X account and accompanying blog materials, and t54.ai has been public about its intent to augment the x402 stack with trust features. For readers curious about the specification and the wider ecosystem, Coinbase’s x402 documentation and the x402 community resources offer a good entry point to understand how HTTP-native payments are being reborn for an agentic internet.

This partnership is another sign that the plumbing for a machine-driven economy is being laid in real time, and that companies building agent frameworks are no longer content to rely on ad hoc payment hacks. Instead, they’re aligning with open protocols, adding the trust layers enterprises demand, and trying to prove that autonomous agents can do more than talk to each other: they can now pay for what they need, reliably and audibly.

AUTHOR

Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

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