
FTX, the bankrupt cryptocurrency exchange, is grappling with significant financial challenges, including an estimated $3 to $5 billion in claims from the US government amid its bankruptcy proceedings, as revealed in a court filing. Current CEO John J. Ray III disclosed that upon his takeover, FTX's coffers were nearly empty, with only 105 bitcoins left, compared to the nearly 100,000 bitcoins owed to customers. To address its financial obligations, FTX has been involved in selling assets, including a notable $60 million in creditors' claims secured by a venture led by a former FTX executive. Moreover, the US government plans to sell two luxury jets associated with former CEO Sam Bankman-Fried. FTX also aims to sell its 8% stake in AI startup Anthropic, now worth $1 billion, double the value since 2021, to repay creditors. Anthropic is seeking new investors but has explicitly excluded Saudi Arabia from consideration.
Financial Times @ft: Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia. #aiforgood #AI #MachineLearning https://t.co/0xAXe7kjyf
Anthropic is lining up new investors but ruling out funding from Saudi Arabia. @Kr00ney reports. https://t.co/N8pmlxZaxp
FTX is reportedly set to sell its 8% stake in Anthropic for $1 billion, double the value the bankrupt exchange paid for the shares in 2021. @cheyenneligon reports https://t.co/PFIke4dSO6


















