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FTX claims that founder Sam Bankman-Fried was a "profligate patron" who showered cash on former CAA talent agent and former Hillary Clinton aide Michael Kives, as well as his partner in K5 Global, Bryan Baum.
(Bloomberg) -- Bankrupt FTX Trading Ltd. is suing to recover $700 million that the failed crypto exchange paid venture capital firm K5 Global and its principals after they provided access to celebrities and politicians.Most Read from BloombergPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesThe Wagner Mutiny Foreshadows a Russian DefeatRussia Latest: Kremlin Says It Gave Prigozhin Deal to End MutinyWagner Chief Marches on Moscow in Mutiny Challenging PutinPrigozhin Says Wagner Won
Super-networker Michael Kives faces a lawsuit targeting the investment firm he founded, K5 Global, in which FTX's bankruptcy lawyers seek to recover $700 million in investments doled out to the aforementioned firm's entities and associates.
By Dietrich Knauth NEW YORK (Reuters) - Bankrupt crypto exchange FTX on Thursday sued a former aide to Hilary Clinton and the former aide's investment...
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Bankrupt crypto exchange FTX on Thursday sued a former aide to Hilary Clinton and the former aide's investment firm, seeking to claw back $700 million in investments allegedly made with misappropriated FTX funds.