Market News
FTX reaches settlement with ex-Clinton aide's investment firm - REUTERS
Jan 31 (Reuters) - Bankrupt crypto exchange FTX said on Friday it had resolved a lawsuit it brought last year against K5 Global, a venture capital firm co-founded by a former aide in Hillary Clinton's office.
The settlement will pave the way for the parties to collaborate to maximize recoveries for FTX customers and stakeholders, the companies said.
The crypto exchange's dramatic collapse in November 2022 left many customers unable to access their funds. It was cleared to start repaying customers after a court approved its bankruptcy plan in October.
