<a href="https://optimisus.com/news/crypto-news/ftx-exchange-plans-to-sell-1b-worth-anthropic-shares/" rel="noopener noreferrer nofollow">FTX crypto exchange</a> has received court permission to sell its stake in AI firm Anthropic as part of its efforts to repay customers following its financial troubles.
In 2021, the FTX exchange and sister firm Alameda invested $500 million in Anthropic, which, by the end of 2023, had a valuation of up to $18 billion.
The exchange's share value is now around $1.4 billion. In February 2024, <a href="https://optimisus.com/market/market-news/ftx-exchanges-secret-bank-deal-to-profit-from-tether-revealed-in-court/" rel="noopener noreferrer nofollow">FTX</a> proposed selling over 7.80% of its holdings in Anthropic after a dispute with a group of customers was resolved.
The sale was approved under the agreement that the proceeds might later be used to compensate the exchange users. Moreover, FTX's lawyer, Andy Dietderich, stated that the proceeds would be used for user reimbursement.
Additionally, FTX also plans to sell Digital Custody Inc., a licensed asset custody firm, to CoinList for $500,000. This sale highlights the value of Digital Custody Inc., particularly its South Dakota custody license.
The post <a href="https://optimisus.com/market/market-news/ftx-exchange-wins-court-approval-to-sell-ai-startup-stake-plans-full-customer-payback/" rel="noopener noreferrer nofollow">FTX exchange wins court approval to sell AI startup stake, plans full customer payback</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

FTX exchange wins court approval to sell AI startup stake, plans full customer payback

Optimisus

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