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Today's Top Crypto Headlines:
FTX Sues NFT Projects | Trump Media's Crypto Token & Wallet | Ledger Scam Letters and more...
King Fatrick Gil Añasco
May 01, 2025
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
FTX Sues NFT Projects: FTX is suing NFT Stars and Kurosemi for failing to deliver tokens paid for pre-bankruptcy, part of its broader effort to recover funds.
Trump Media Plans Crypto Token: Trump Media aims to launch a crypto token for Truth+ streaming payments and user rewards across its platforms.
💡Feature of the Day - Ledger Users Hit by Scam Letters: Ledger owners are receiving fake physical letters requesting their seed phrases, a phishing scam tied to the 2020 data breach.
All this and more in today’s headlines!
📰 News Highlights:
FTX has filed lawsuits against NFT Stars and Kurosemi (Delysium), accusing both firms of failing to deliver tokens purchased before FTX's collapse.
(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)
12:24 AM • Apr 29, 2025
The bankrupt exchange claims Alameda Research paid $1 million in early 2022 for 75 million AGI tokens but never received the full allotment.
(2/3) FTX filed two complaints against token issuers NFT Stars Ltd. and KUROSEMI INC. (d/b/a Delysium) for failing to provide FTX with contractually-entitled tokens. The litigation follows numerous unanswered attempts to engage with and seek a resolution without litigation.
— FTX (@FTX_Official)
12:24 AM • Apr 29, 2025
The same goes for NFT Stars, which allegedly failed to deliver large portions of its SENATE and SIDUS token deals, valued at hundreds of thousands of dollars.
(3/3) FTX is in the process of contacting numerous other token and coin issuers regarding FTX assets and will be filing additional suits against non-responsive parties. FTX urges these parties to respond timely to avoid litigation. Read more:
— FTX (@FTX_Official)
12:24 AM • Apr 29, 2025
The lawsuits form part of FTX’s broader recovery efforts to reclaim funds for creditors.
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Trump Eyes Crypto [Source]
Trump Media is exploring the launch of a crypto token and wallet to be used on its Truth+ streaming platform, initially for subscription payments.
The token would also support rewards across Trump Media’s ecosystem, including Truth Social and Truth.Fi.
CEO Devin Nunes announced the initiative in an April 29 letter to shareholders, noting its future expansion into other services.
Trump Media has filed trademarks and formed partnerships with Crypto.com and Yorkville to support crypto ETFs.
💡 Feature of the Day:
Scammers are sending physical letters to Ledger wallet owners, impersonating the hardware wallet company and requesting their seed phrases.
Breaking: New scam meta launched. Now they’re sending physical letters to the @Ledger addresses database leak requesting an ‘upgrade’ due to a security risk.
Be very cautious and warn any friends or family that you know is in crypto and is not that savvy.
— Jacob Canfield (@JacobCanfield)
10:08 PM • Apr 28, 2025
These fraudulent letters claim to be part of a “critical security update” and contain QR codes leading users to phishing websites that ask for private recovery phrases.
Did you also receive this SCAM letter in your physical mailbox? We have had multiple reports from people receiving this letter. DO NOT use the QR code or links provided. NEVER provide your 24 words to anyone. #ledger#scam#phishing@Ledger_Support
— Hardware Wallet Online (@HardwareWalletO)
12:37 PM • Apr 17, 2025
The scam exploits users’ fear by warning of restricted wallet access if the instructions aren’t followed.
You are correct, this is a scam. We appreciate your efforts to warn others. Please stay vigilant against phishing attempts. Scammers impersonating Ledger and Ledger representatives are unfortunately common. While we actively report and block scammers, we can't control what
— Ledger (@Ledger)
1:29 PM • Apr 29, 2025
Ledger confirmed the letters are fake and warned users never to share their 24-word recovery phrase.
😂 Crypto Meme of the Day:
Meme of the day provided by @lolli
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com