FTX filed go well with in america Chapter Courtroom for the District of Delaware in opposition to sure funding corporations with which it had relationships previous to its collapse. The lawsuit, filed June 22, accommodates 16 counts and seeks greater than $700 million from the defendants.
The go well with names as defendants K5 International, an incubator and funding firm, Mount Olympus Capital and SGN Albany Capital, in addition to associated entities and K5 International co-owners Michael Kives and Bryan Baum. Kives is a the previous CAA Expertise Company agent and former assistant to Hilary Clinton. The lawsuit famous that then-FTX CEO Sam Bankman-Fried (SBF) attended a social occasion hosted by Kives in 2022:
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