The FTX Exchange’s investment in the artificial intelligence (AI) startup Anthropic has been dissolved as of June 1. The most recent bankruptcy filing by Anthropic indicates that the FTX Estate, headed by John Ray III, has sold off its remaining interest in the company. Around 15 billion Anthropic shares, valued
As part of its bankruptcy settlement, the now-defunct cryptocurrency exchange FTX is reportedly planning to sell its about $1 billion stake in artificial intelligence company Anthropic, as reported by CNBC on March 22. The report states that Anthropic is in the process of evaluating potential investors to buy the stake,
Creditors of the defunct FTX exchange have taken legal action by suing the law firm managing the bankruptcy case in a class-action lawsuit. Creditors of FTX claimed in a court document dated February 16 that Sullivan & Cromwell, or S&C, “actively” took part in the “FTX Group’s multibillion dollar fraud,”
John Reed Stark, a former member of the U.S SEC, has hinted that the legal team may be trying to benefit from the bankruptcy proceedings via the FTX restructuring plan. Given the large gains made by the legal team during bankruptcy proceedings, Stark said in a post on twitter that
Terraform Labs, the entity responsible for the now-defunct stablecoin TerraUSD (USTC), has officially filed for Chapter 11 bankruptcy protection in the United States, according to a court document submitted on January 21. The Singapore-based company, known for creating TerraUSD, listed its assets and liabilities in the range of $100 million
An independent examiner was ordered to be appointed by the court presiding over the bankruptcy of FTX crypto exchange by the United States Court of Appeals for the Third Circuit, months after the initial filing. Ruling of Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware
Following an oversubscribed Equity Rights Offering, the confirmed Plan clears the path for the Company’s emergence from Chapter 11 in the coming days AUSTIN, Texas–(BUSINESS WIRE)–$CORZQ #bitcoin—Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the
New pay documentation reveals that in the three months ending October 31, the now-defunct cryptocurrency exchange FTX spent around $53,000 per hour on bankruptcy attorneys and advisors. The bankruptcy attorneys have charged a minimum of $118.1 million from August 1st to October 31st, according to court documents filed between December
The bankruptcy court in Delaware approved the sale of around $873 million worth of trust assets held by the defunct crypto exchange FTX on November 29. Assets totaling $873 million will come from FTX holdings in several trusts issued by Bitwise ($66 million), a custody service provider, and Grayscale Investments
Projected Lower Management Fees and Increased Liquid Cryptocurrency Distributions for Creditor Payouts Beginning in January 2024 Debtors to File Motion for Revised Transaction with Focus on Bitcoin Mining HOBOKEN, N.J.–(BUSINESS WIRE)–On November 9, 2023, the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) confirmed
