More FTX_Official news! The company has frozen the sale of its $500 million stake in AnthropicAI! Why? Read more here -
FTX was reportedly seeking “nine figures” for a share of the startup amid all of thesurrounding the tech world’s latest big thing – artificial intelligence. It appears now that the firm sees greater potential for the AI startup.
FTX’s stake in Anthropic was one of its largest holdings at the time of its bankruptcy. Its largest was the $1.1 billion investment in crypto miner Genesis Digital Assets. The FTX Debtors noted that the FTX exchange owed customers approximately $8.7 billion as of the petition date. However, Chief Executive Officer and Chief Restructuring Officer John Ray III said that the “remain committed to recovering as much value as possible for creditors.”
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