In a bid to recover billions for its creditors, FTX is launching legal action against NFT Stars and Delysium, demanding the return of promised tokens. These latest lawsuits are part of a larger strategy to secure funds for creditor payouts after the company’s bankruptcy in 2022. The next distribution of funds is scheduled for May 30th. FTX has filed separate suits against both companies, alleging they repeatedly ignored communications and failed to fulfill contractual obligations regarding token delivery following FTX’s filing. This comes as FTX aims to recover around $14.5 billion to $16.3 billion in funds that were mismanaged during the exchange’s collapse. Details of the Agreements Reveal Multi-Million Dollar Breaches Court documents reveal financial discrepancies between FTX and both NFT Stars Limited (for a payment of $325,000) and Delysium Inc. (through an SAFT agreement for a significant investment). These agreements granted FTX substantial tokens but were later altered, delaying delivery and resulting in breaches of contract by both companies. FTX argues that over 831,000 SENATE and 83 million SIDUS tokens are missing from the initial agreements. **Second Round of Repayments Set as Legal Blitz Intensifies** This legal action coincides with the second phase of FTX’s creditor repayment plan. The May 30th distribution will cover Class 5 Customer Entitlement and General Unsecured Claims, where around 119% to 98% of eligible claims are expected to be paid back. **A New Chapter in the Bankruptcy Battle** As FTX continues this legal pursuit, it is also seeking to set a precedent for crypto regulation. FTX’s actions might influence future regulatory policies regarding exchange accountability and token distribution.