FTX has settled a lawsuit with the venture firm K5 Global over disputed investments. The terms of the agreement have not been disclosed. This is part of FTX’s efforts to recover funds in the bankruptcy process. As part of these efforts, the company has already allocated $6.5 billion for initial payments to creditors and is working to recover funds from other sources. The legal battle with K5 Global began in 2024 when FTX accused the firm of using political connections to assist in the theft of client funds.
2/1/2025 12:25:04 PM (GMT+1)
FTX has settled a lawsuit with K5 Global over disputed investments worth $700 million as part of efforts to recover funds and bankruptcy proceedings, with the terms of the deal undisclosed ⚖️
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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