Crypto News – The plan to sell the defunct cryptocurrency exchange FTX’s $1 billion interest in Claude AI pioneer Anthropic has been approved by a federal bankruptcy court on behalf of the exchange’s creditors.
FTX Repayment Update: May Sell $1 Billion Stake in Anthropic as Last Step to Pay Creditors
Following FTX’s industry-shaking impact in 2022, the motion—filed in Delaware bankruptcy court and granted on Thursday—is merely the most recent attempt to redress creditors. In an effort to “claw back” money to settle outstanding obligations, FTX indicated in June of last year that it was interested in selling its Anthropic shares through financial services provider Perella Weinberg Partners. The U.S. Department of Justice’s declaration in October that FTX’s investment in Anthropic was unrelated to their prosecution against FTX founder Sam Bankman-Fried opened the way even more.
FTX Authorized to Sell 3.4 Million Worth of Assets in September
FTX sold the derivatives trading platform Ledger X to private equity company M7 Holdings for $50 million in May prior to initiating its effort to sell its Anthropic stake. The approval this week follows the June cancellation of FTX’s previous proposal to sell its Anthropic shares, which was announced a few weeks earlier. Authorization was given to FTX in September to sell $3.4 billion worth of Solana, Ethereum, Bitcoin, and other assets. A $100 million weekly cap was placed on the quantity of tokens the corporation may sell at that point.
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