PANews reported on January 31 that according to PR Newswire, on January 31, 2025, FTX Trading Ltd. (FTX.com) and FTX Recovery Trust announced a settlement with venture capital firm K5 Global, resolving the lawsuit filed by FTX in June 2024. FTX stated that the two parties will work together to maximize the recovery for FTX stakeholders.

FTX’s U.S. Bankruptcy Court-approved Chapter 11 reorganization plan became effective on January 3, 2025, with initial distributions expected to be made within 60 days.