The sale of FTX's $500 million stake in artificial intelligence startup Anthropic has hit a roadblock, as the advisory investment bank Parella Weinberg Partners has reportedly put the sale on hold.   
This development poses a potential delay in FTX's efforts to address the $2 billion deficit remaining in its balance sheet following its bankruptcy.   
Multiple parties had shown interest in purchasing FTX's stake in Anthropic, making it a significant opportunity for monetary recovery.   
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At the time of FTX's bankruptcy in November, it held $500 million worth of Anthropic stock. However, with the current AI boom, the value of this stake is expected to have significantly increased.   
In May, Anthropic achieved a reported valuation of $4.6 billion and secured $450 million in its latest funding round. Anthropic's AI chatbot, "Claude," offers various applications, including sales, customer service, and web searches.   
<a href="https://optimisus.com/news/crypto-news/ftx-founder-sam-bankman-fried-denied-motions-to-dismiss-criminal-charges-by-judge/">FTX</a>'s restructuring chief, John Ray, recently alleged that $8.7 billion in user funds were misappropriated, with approximately $7 billion recovered thus far.   
Ray's report also highlighted FTX's investments in niche non-crypto-related projects through grants, venture capital firms, a $243 million Bahamian real estate portfolio, and donations to non-profits and a political action committee linked to Gabe Bankman-Fried, the younger brother of FTX co-founder Sam Bankman-Fried.   
The pause on the sale of FTX's Anthropic stake comes at a crucial time for the exchange's recovery efforts. FTX had been seeking to fill the remaining $2 billion gap in its balance sheet, and the sale of the stake could have provided a significant monetary recovery. However, with the current delay, the process might be further prolonged. 
The post <a rel="nofollow" href="https://optimisus.com/market/market-news/ftx-reportedly-suspends-500m-sale-of-stake-in-ai-company-anthropic/">FTX Reportedly Suspends $500M Sale of Stake in AI Company Anthropic</a> appeared first on <a rel="nofollow" href="https://optimisus.com">Optimisus</a>.

FTX Reportedly Suspends $500M Sale of Stake in AI Company Anthropic

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