FTX to Sell Anthropic Shares for Asset Liquidation

In a significant development, U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, approved the bankrupt cryptocurrency exchange FTX to sell its shares in the artificial intelligence startup Anthropic. This decision was reached on Thursday after FTX engaged in a courtroom compromise with a group of customers who had initially opposed the sale. Background and Proposal Details FTXs investment of $500 million in Anthropic in 2021 secured the exchange a 7.84 percent stake in the company, as detailed in court documents. With FTX navigating bankruptcy proceedings and seeking to...

source: https://tokenpost.com/FTX-to-Sell-Anthropic-Shares-for-Asset-Liquidation-11298

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