The present paper summarizes, to our knowledge, the first study regarding the developmental toxicity of stable buck-minsterfullerene aggregates suspended in water (nC60) using zebrafish (Danio rerio) as a vertebrate model. Zebrafish embryo survival, hatching rate, heartbeat, and pericardial edema were noted and described within 96 h of exposure. Fullerol (a hydroxylated C60 derivative, C60(OH)16–18) at 50 mg/L did not exert toxicity to zebrafish embryos. In contrast, nC60 at 1.5 mg/L delayed zebrafish embryo and larval development, decreased survival and hatching rates, and caused pericardial edema. Toxicity was mitigated by adding an antioxidant (glutathione), which suggests that a free radical—induced mechanism or another form of oxidative stress played a role in developmental toxicity.