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In an emailed statement sent to CoinDesk, Elizabeth Ashford, a spokesperson for K5 Global, the company founded by Kives and Baum, said that K5 “was under the impression – like many others – that [Bankman-Fried] was completely legitimate, and that they were entering into a fair, long-term, and mutually beneficial business relationship. Our belief is that the lawsuit is without merit.”
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