FTX Update: Judge Approves Sale of Anthropic, Customers Could Receive "Full Compensation"

According to The Block, Delaware bankruptcy judge John Dorsey has approved FTX's motion to initiate the sale of Anthropic. FTX holds an 8% stake in Anthropic, with the price potentially exceeding $1.4 billion, bringing significant hope for "full compensation" for FTX creditors.

FTX Hopes for "Full Compensation": Anthropic Valuation Soars

According to previous reports, the FTX bankruptcy restructuring team filed a motion in early February in court to seek approval to expedite the sale of its shares in Anthropic.

Anthropic, an AI startup in which SBF previously invested $5.8 billion and holds an 8% stake, is now valued at $180 billion as of December 2023. The sale value of Anthropic shares could reach as high as $14 billion, providing a glimmer of hope for FTX creditors and clients.

As of early February, FTX has recovered over $70 billion in assets, expected to be fully distributed to all clients. With the high-price sale of Anthropic, it may indeed bring "full compensation" to FTX creditors and clients. However, it is calculated based on cryptocurrency prices since November 2022, when the crypto market was in a prolonged slump, with Bitcoin at only $16,000 compared to the current $52,000.

FTX creditors received a letter from Kroll? Claim conversion price list: BTC $16,000/ETH $1,200/SOL $16/FTT not included

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