FTX filed a lawsuit within the US District of Delaware Chapter Courtroom in opposition to a number of the funding corporations it had ties to earlier than its collapse. The lawsuit, filed June 22, contained 16 counts and sought greater than $700 million from the defendants.
The lawsuit submitting named K5 World – an incubator and funding firm, Mount Olympus Capital and SGN Albany Capital, together with affiliated entities and K5 World co-owners Michael Kives and Bryan Baum, as defendants. Kives is a historical agent for the CAA expertise company and former assistant to Hillary Clinton. The swimsuit famous that FTX CEO Sam Bankman-Fried (SBF) attended a social occasion hosted by Kives in 2022:
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