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FTX has reached a settlement with K5 Global, a venture capital firm co-founded by a former aide to Hillary Clinton, as part of its ongoing efforts to maximize recoveries for its stakeholders. The settlement resolves a lawsuit that FTX had filed against K5 Global last year. This announcement follows another settlement with LayerZero concerning a 2022 transaction involving Alameda Ventures, which was also aimed at recovering funds for FTX stakeholders. Bryan Pellegrino, CEO of LayerZero Labs, confirmed the resolution of the lengthy two-year legal dispute. Sam Bankman-Fried's FTX emphasized that K5 Global is viewed positively within its portfolio, citing the expected strong performance of their investments as crucial for recovery efforts.
FTX SETTLES WITH K5 GLOBAL – WHAT’S NEXT? FTX has reached a settlement with K5 Global, a VC firm co-founded by a former Clinton aide. Another move in the effort to recover funds for customers and stakeholders. The unwinding of FTX isn’t just about payouts—it’s revealing who’s… https://t.co/8ibEWRXDeC
💥 JUST IN: FTX has reached a settlement with K5 Global, a venture firm co-founded by a former Clinton aide, as part of efforts to maximize customer and stakeholder recoveries https://t.co/rOhh7a4uVo
🚨 NEW: FTX has settled with K5 Global, a venture firm co-founded by a former Clinton aide, to help maximize customer and stakeholder recoveries. https://t.co/cIktqlooTA
