NEW YORK, June 22 (Reuters) - 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.
Bankman-Fried authorized investments in K5 projects that enriched Kives and Baum with no payoff for FTX or its customers, who were footing the bill, FTX alleged.
FTX has also filed lawsuits over its pre-bankruptcy investment in the stock platform Embed and its payments toGenesis Global Capital, the bankrupt lending arm of crypto firm Genesis.
FTX on Wednesday announced a settlement with the Metropolitan Museum of Art, in which the museum agreed to return $550 million in donations that it received from FTX companies in 2022.
Reporting by Dietrich Knauth in New York Editing by Alexia Garamfalvi and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Persons:
Hilary Clinton, misappropriated, FTX, Sam Bankman, Fried, Michael Kives, Bryan Baum, Clinton, Arnold Schwarzenegger, Katy Perry, I've, Baum, Kendall Jenner's, SBF, Elizabeth Ashford, Kives, Dietrich Knauth, Alexia Garamfalvi, Matthew Lewis
Organizations:
YORK, K5 Global, Democratic, Republican, U.S . Securities, Exchange Commission, K5, Genesis Global Capital, Wednesday, Metropolitan Museum of Art, Thomson
Locations:
Wilmington , Delaware, Democratic U.S, New York, Republican California, FTX