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FTX Strikes $16M Deal To End Donations Clawback Suit

By Alex Wittenberg (January 29, 2024, 5:14 PM EST) -- FTX has asked Delaware's bankruptcy court to approve a $16 million settlement scrapping an adversary action the cryptocurrency exchange operator leveled to recover millions of dollars in customer and company funds that were transferred as philanthropic gifts to entities tied to founder Sam Bankman-Fried....

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