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Bankrupt crypto exchange FTX, which has been selling assets to try to repay creditors, has received court approval to sell its 7.8% stake in AI startup Anthropic. https://t.co/Uh428wXvJw
FTX settled a lawsuit that sought to claw back $323 million that it had spent acquiring a European startup, instead agreeing to sell the company back to its founders for $32.7 million. FTX concluded that the proposed settlement is the best outcome https://t.co/hD6EEQIzTP https://t.co/GaEDydIk0b
Bankrupt crypto exchange FTX has settled a lawsuit that sought to claw back $323 million that it had spent acquiring a European startup, instead agreeing to sell the company back to its founders for $32.7 million @DietrichKnauth https://t.co/hD6EEQJ7Jn https://t.co/fMDLHA4Alz
Bankrupt crypto exchange FTX has been granted approval by a bankruptcy court to sell its 7.8% stake in Anthropic, an AI startup. The FTX estate has agreed to drop a lawsuit seeking to recover $323.5 million from the original owners of its European unit. FTX settled the lawsuit by selling back FTX Europe to its founders for $32.7 million, after originally acquiring it for $323 million. The current valuation of Anthropic is $18 billion, making FTX's stake potentially worth $1.4 billion.
