Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»FTX sells remaining Anthropic stock as bankruptcy costs exceed $700 million.
ADOPTION NEWS

FTX sells remaining Anthropic stock as bankruptcy costs exceed $700 million.

By Crypto FlexsJune 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
FTX sells remaining Anthropic stock as bankruptcy costs exceed 0 million.
Share
Facebook Twitter LinkedIn Pinterest Email

The FTX bankruptcy continues, with the trial of FTX founder Sam Bankman-Fried over and an appeal pending.

In the latest update on FTX’s assets, led by CEO John Ray III, FTX sold its remaining shares in Anthropic, the AI ​​startup behind chatbot Claude, according to the company’s latest bankruptcy filing.

FTX sold the remaining 15 million shares for about $30 per share, generating more than $450 million in profit. This brings FTX from its original investment of $500 million in the company to approximately $1.3 billion and revenue of approximately $800 million. The price per share for this second sale was the same as the first sale last March.

The top buyer in this round, global venture capital fund G Squared, purchased 4.5 million shares, or about a third of the remaining shares, for $135 million. Venture capital funds also made up the majority of the other 20 buyers of Anthropic stock.

Inflating bankruptcy costs

Creditor Mr. According to a tracker maintained by Purple, the cost of FTX’s bankruptcy exceeded $700 million in legal and administrative fees, according to recent bankruptcy filings.

FTX creditors say Sullivan and Cromwell, the leading law firm handling FTX’s bankruptcy, were also among the firms that represented FTX before the bankruptcy, and that an independent investigator and class action lawsuit were appointed due to potential conflicts of interest. I complained. ACTION LITIGATION. A New York Times analysis last year found that law firms were charging hundreds of millions of dollars in fees for cryptocurrency company bankruptcies.

FTX CEO John Ray has billed the estate $5.6 million since the case began, based on a $1,300 per hour rate. The estate plans to repay 98% of its creditors. At least 118% of the allowed claims, measured in dollar value at the time the exchange filed for bankruptcy.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025

It flashes again in July

July 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Forexus drops NFT coins -the public stage is sold in a few minutes.

July 27, 2025

Using XRP Cloud To Mine BTC And DOGE, Helping Investors Obtain Stable Daily Income

July 27, 2025

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

DL Mining Launches In The U.S.

July 26, 2025

Ripple CTO’s amazing regret for censorship

July 26, 2025

Ether Leeum validation exit exit queue will explode with 521,000 ETH ATH.

July 26, 2025

Wake’s GMX Hacking Analysis and Attack Scenario

July 25, 2025

Pepeto Announces $5.5M Presale And Demo Trading Platform

July 25, 2025

$75K In Rewards Announced For Valhalla’s First-Ever Tournament

July 25, 2025

Bitcoin Market Bullish? DL Mining Launches $100 Bonus + Sustainable Cloud Mining

July 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Forexus drops NFT coins -the public stage is sold in a few minutes.

July 27, 2025

Using XRP Cloud To Mine BTC And DOGE, Helping Investors Obtain Stable Daily Income

July 27, 2025

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025
Most Popular

Theta Network shares its 2024 roadmap.

January 29, 2024

Ethereum is stagnating in price, reflecting the 2016 trend. Is it possible that ETH losses will increase further?

August 22, 2024

Unlock the power of digital gold bullion – the ultimate investment opportunity! – DeFi information

March 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.