FTX reaches a settlement with K5 Global

ChainCatcher news, according to PR Newswire, FTX has reached a settlement with venture capital firm K5 Global, resolving the lawsuit filed by FTX in June 2024. FTX stated that both parties will work together to maximize recovery for FTX stakeholders.

The Chapter 11 reorganization plan approved by FTX's U.S. bankruptcy court became effective on January 3, 2025, and the initial distribution is expected to be completed within 60 days.