(Reuters) – FTX said on Friday it had reached a settlement with K5 Global, a venture capital firm co-founded by a former aide to Hillary Clinton, resolving a lawsuit the bankrupt crypto exchange had brought against the company in June last year.
The lawsuit had sought to claw back $700 million in investments allegedly made with misappropriated FTX funds.
The companies did not disclose the financial terms of the settlement agreement.
(Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)
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