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<p>Crypto exchange FTX has filed a lawsuit seeking over $700 million from investment firms it had ties to before its collapse. The suit alleges that after a Hollywood dinner party, millions of dollars were transferred to investment firm K5 Global and others. FTX claims the transfers were avoidable and seeks their return. Defendants include K5 Global, Mount Olympus Capital, and individuals Michael Kives and Bryan Baum. Kives, a former aide to Hilary Clinton, hosted the event attended by <a href="https://www.coingabbar.com/en/crypto-currency-news/why-metropolitan-museum-returns-donation-of-550kdollar-to-ftx" rel="noopener noreferrer nofollow">FTX&#39;s CEO</a>. K5 Global denies the lawsuit&#39;s merit, stating it believed the relationship with FTX was fair and mutually beneficial.</p>

FTX Targets Investment Firms and Associates in $700M Lawsuit

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