Thu, March 28

FTX to Sell $1 Billion Stake in Anthropic Amid Bankruptcy Settlement

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,

March 23, 2024 1 min read

FTX Ends Legal Battle With EU Founders, Sells EU Assets 

FTX, the bankrupt crypto exchange, has reached a settlement with its EU founders, Patrick Gruhn and Robin Matzke, who were sued for over $323 million. The settlement also involves FTX selling its assets in the EU, where it failed to gain traction. The lawsuit, filed in July 2023, claimed that

February 24, 2024 2 mins read

FTX Customers Anticipate Payoff as Anthropic Shares Set for Sale

U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, has granted approval for FTX to sell its stake in Anthropic, the artificial intelligence company, marking a significant move for the cryptocurrency exchange’s post-collapse recovery. FTX’s initial $500 million investment in the AI-developing start-up Anthropic in 2021 secured them a 13.56% equity

February 23, 2024 1 min read

FTX Creditors Sue Bankruptcy Law Firm S&C Over Fraud Allegations

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,”

February 17, 2024 2 mins read

FTX Seeks to Sell ‘Digital Custody’ for Discount Amid Repayment Efforts

John Ray III, CEO of the FTX debtors estate, has filed paperwork to sell Digital Custody to CoinList at a steep discount of $500,000, with funding coming from Terence Culver, the original CEO and seller of DC. At first, FTX paid $10 million to acquire Digital Custody. The acquisition of

February 11, 2024 2 mins read

Ex-SEC Executive Criticizes Legal Team’s Lucrative Gains in FTX Bankruptcy

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

February 4, 2024 1 min read

FTX Seeks Court Approval to Sell Anthropic Shares Worth $1.4B

Court documents filed on February 3 show that defunct cryptocurrency exchange FTX is requesting permission to sell all of its shares in artificial intelligence company Anthropic. FTX moved the US Bankruptcy Court for the District of Delaware to sell Alameda Research’s Anthropic Series B Preferred Stock and any rights or

February 4, 2024 2 mins read

FTX Relaunch Denied, Vows Complete Customer Repayment. FTT Reacts

FTX, the troubled cryptocurrency exchange under the leadership of Sam Bankman-Fried, has announced its intention to entirely reimburse customers and creditors affected by its bankruptcy proceedings. The company assured the judge overseeing the case that individuals who can substantiate their losses are poised to recover their entire investments. However, the

February 1, 2024 2 mins read

Court Orders Independent Examiner in FTX Bankruptcy Case

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

January 20, 2024 1 min read