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Coin Edition 2024-06-02 15:01:00

FTX Sells Off AI Startup Shares for $450M Amid $700M Bankruptcy Cost

The FTX liquidates the final 15M Anthropic shares at $450 million. FTX’s total earnings from Anthropic shares now hit $1.3B with $800M profit. FTX’s bankruptcy legal and administrative fees reportedly exceed $700M. The FTX bankruptcy estate, led by CEO John Ray III, has divested its remaining stake in the AI startup Anthropic, the creators of The post FTX Sells Off AI Startup Shares for $450M Amid $700M Bankruptcy Cost appeared first on Coin Edition .

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