ChainCatcher news, according to a report by Reuters, FTX has sued Hilary Clinton's former aide Michael Kives and Michael Kives' investment firm in the bankruptcy court in Wilmington, Delaware, attempting to recover a $700 million investment allegedly made using misappropriated FTX funds.FTX stated that its founder Sam Bankman-Fried (SBF) was a "profligate benefactor" who provided cash to Michael Kives, K5 Global's company K5 Global, and K5 co-founder Bryan Baum as part of a scheme to fraudulently use company assets for personal gain.The lawsuit claims that SBF authorized a transfer of $700 million to K5 entities in 2022, and in the days leading up to FTX's bankruptcy in November 2022, SBF relied on K5's celebrity and business connections to secure rescue financing. (source link)

ChainCatcher news, the Near ecosystem NFT platform Few and Far has completed a $10.5 million financing round, led by Pantera Capital, with participation from Cypher Capital, Huobi Ventures, Hypersphere, Metaweb, Mantis Partners, K5 Global, and others.It is reported that this round of financing will help Few and Far expand the platform's capabilities and enhance user experience. (source link)