The US judge approved the request of the bankrupt cryptocurrency exchange FTX to sell artificial intelligence shares worth more than $ 1 billion.
FTX, which is struggling with the bankruptcy process and trying to sell everything it has in order to repay its creditors, received another approval from the court.
U.S. Bankruptcy Court Judge for the District of Delaware John DorseyFTX’s artificial intelligence company in Anthropic approximately 8% share He allowed it to sell. Before the judge gives the approval in question creditors with was discussed and emphasized that the decision was made accordingly. FTX when the sale in question is completed earnings of approximately $1.4 billion will have achieved it.
Making a statement during the hearing FTX lawyer Andrew Dietdericstated that it is normal to sell these shares just like all other assets:
We’re selling Anthropic shares like we sell everything else and putting the money in the bank. I find that there is no difference between Mr. Adler’s clients’ rights to the proceeds and the disposal of Anthropic and other related properties, all of which go into unsegregated accounts.
FTX hires former CEO of Anthropic Sam Bankman-Fried through in October 2021 He had invested 500 million dollars, and the growth of the company over time brought this investment to 1.4 billion dollars. Anthropic’s last reported valuation Up to $18 billion in December 2023 had risen.