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FTX reaches settlement with ex-Clinton aide's investment firm
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FTX reaches settlement with ex-Clinton aide's investment firm
Jan 31, 2025 7:27 AM

(Reuters) - FTX said on Friday it had reached a settlement with K5 Global, a venture capital firm co-founded by a former aide to Hillary Clinton, resolving a lawsuit the bankrupt crypto exchange had brought against the company in June last year.

The lawsuit had sought to claw back $700 million in investments allegedly made with misappropriated FTX funds.

The companies did not disclose the financial terms of the settlement agreement.

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