FTX Debtors Inks Agreement With K5 Global To Maximize Recoveries

Quick Summary:

Defunct digital currency exchange under the FTX debtors identity has announced it has settled with K5 Global, a venture capital firm and incubation studio.

This settlement aligns with a lawsuit it filed against the venture outfit in June 2024, seeking $700 million in disputed investments.

However, FTX Exchange’s CEO, John Ray III, said the settlement is mutually beneficial, describing K5 as a bright spot in the crypto trading platform’s portfolio.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaCuba

Topics: FTX Derivatives Exchange 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 21:07:52 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25680717

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 35 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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