US Judge Approves FTX's Sale of Nearly 8% Stake in Anthropic
A US judge ruled on Thursday that bankrupt cryptocurrency exchange FTX can sell its stake in artificial intelligence giant Anthropic. Court documents reveal that FTX invested $500 million in Anthropic in 2021 and currently holds a 7.84% stake in the company. The exchange had sought permission to sell these shares to liquidate its assets and compensate customers who lost account access when the company collapsed in 2022. The court documents indicate that FTX anticipates profitable sales of the shares and will retain flexibility to sell them at the "optimal and most appropriate time."
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