FTX Halts Sale of $500 Million Stake in AI Startup Anthropic - Decrypt

Decrypt
Decrypt

28 Jun 2023 12:07 AM

The bankrupt crypto exchange holds $500 million in Anthropic shares, which are a coveted asset for FTX debtors....

  • FTX is halting the sale of its stake in AI platform Anthropic, which is worth over $500 million.
  • FTX filed for Chapter 11 bankruptcy protection in November and is accused of commingling over $402 million in customer funds.
  • FTX has sold off some of its assets, including derivatives trading platform LedgerX for $50 million.
  • The potential sale of Anthropic shares was an attempt by FTX to "clawback" funds to pay off creditors.
  • Anthropic launched Claude AI in March after receiving a $400 million investment from Google and another $450 million in Series C funding in May.

The article has a negative sentiment as it talks about FTX's bankruptcy and accusations of commingling customer funds. The halt in the sale of Anthropic shares is also seen as a setback for FTX's attempts to pay off creditors.

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You May Ask

Why is FTX halting the sale of its stake in Anthropic?What is FTX accused of in court documents filed in the United States Bankruptcy Court of Delaware?What is a clawback in bankruptcy?What is Claude AI and what advancements has it made?Which companies committed to an independent public evaluation of AI systems at a meeting at the White House?

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