U.S. Bankruptcy Judge approves sale of FTX's $1bn shares in AI startup Anthropic as part of asset liquidation plan to repay customers.
U.S. Bankruptcy Judge John Dorsey has approved the sale of bankrupt crypto exchange FTX's $1bn shares in AI startup Anthropic. The sale is part of FTX's asset liquidation plan, aiming to repay customers who lost account access during its 2022 collapse. FTX anticipates selling the shares at a profit, using the proceeds to reimburse customers, with calculations based on November 2022 cryptocurrency prices.
February 22, 2024
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