FTX Cleared to Sell $1B Stake in AI Startup Anthropic
TL;DR Summary
Claims on the bankrupt FTX crypto exchange, previously run by Sam Bankman-Fried, have surged to 85-90 cents on the dollar, surpassing the performance of Nvidia's stock. The increase in value is attributed to the rebound in cryptocurrency prices and FTX's stake in Anthropic, a company behind ChatGPT rival Claude. FTX expects to pay back all its customers in full based on cryptocurrency valuations at the time of its bankruptcy in November 2022.
- FTX claims have surged more than Nvidia’s stock MarketWatch
- Crypto exchange FTX to sell shares in AI startup Anthropic Reuters.com
- Judge approves FTX plan to sell $1B stake in AI startup Anthropic The Block
- FTX to add over $1B to cash stack after court approves Anthropic sale Cointelegraph
- FTX can sell its Anthropic stake, judge rules Blockworks
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