Before its collapse last November, the FTX company had invested in the start-up Anthropic for an amount amounting to 500 million dollars. In order to reimburse the users of the old cryptocurrency exchange, the sale of this stake was discussed with private investors. However, the file around this sale has just been suspended. What happened ?
FTX halts sale of stake in AI startup
For several months, the FTX teams have been trying to recover as many funds as possible in order to reimburse their users. One of the avenues explored by the company is the sale of its shares in the start-up called Anthropic.
Specialized in topics related to artificial intelligence (AI), it was founded in 2021 by former members of OpenIAthe company known internationally for deploying the popular chatbot ChatGPT.
According to an internal document published before his bankruptcy, FTX would have invested 500 million dollars in the young start-upmaking this placement one of the largest made by the company, just behind that of 1.5 billion dollars for Genesis Digital.
Although talks have been ongoing for several months between the John J. Ray III-led firm and secondary market investors Perella Weinberg Partners, the bank acting as adviser to FTX, announced the temporary suspension of the file.
However, Anthropic is very popular with investors: with its recent fundraising of $450 million made last month, the startup is estimated to be worth $4.6 billion.
So far, FTX and Anthropix have not commented on the reason behind the sudden suspension of this case. If this $500 million sale ends up happening, the fallen exchange would be one step closer to its end goal: reimburse the 8.7 billion dollars of its injured customers.
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Soon a future reimbursement of its users?
Due to the bankruptcy of FTX in November 2022, millions of people lost their cryptocurrency investments. However, all does not seem lost. In the company’s recently released second investigative report, we learn that of the missing $8.7 billion, 7 billion dollars have already been recovered :
“To date, debtors have recovered approximately $7 billion in liquid assets and expect further collections. Debtors will continue to provide updates on their ongoing collection efforts and investigations as their work progresses. »
For his part, John J. Ray III maintains his commitment to the pursuit of investigations describing the wrongdoings of FTX. Their findings could contribute to the various lawsuits surrounding the company’s leaders, starting with that of Sam Bankman-Fried, the company’s former CEO.
“We will continue to report our analysis and findings as our work progresses, and remain committed to recovering as much value as possible for creditors. »
Thus, a glimmer of hope is offered to those who still have their funds blocked on the platform since its collapse. However, it will still be necessary to arm oneself with a little patience to witness the conclusion of one of the biggest stories in the cryptocurrency industry.
👉 Also in the news – Sam Bankman-Fried faces justice – Federal judge upholds charges against him
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Source: Bloomberg
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