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BTC $63,855.61 -0.43%
ETH $1,799.14 +0.11%
BNB $574.71 -0.45%
XRP $1.09 -1.33%
SOL $76.75 -1.55%
TRX $0.3306 +0.31%
DOGE $0.0730 -1.87%
ADA $0.1639 -2.24%
BCH $245.09 -0.45%
LINK $8.01 +0.34%
HYPE $66.83 +0.02%
AAVE $97.69 +0.67%
SUI $0.7397 -0.04%
XLM $0.1855 -2.21%
ZEC $520.66 +3.43%

The legal costs related to FTX's bankruptcy exceed 700 million dollars

2024-06-02 08:20:36
Collection

ChainCatcher message, due to bankruptcy-related legal and administrative costs exceeding $700 million, FTX sold its remaining shares in the artificial intelligence startup Anthropic. According to the latest documents, FTX sold the remaining 15 million shares at a price of about $30 per share, totaling over $450 million. The largest buyer was the global venture capital fund G Squared, which acquired about one-third of the remaining shares, or 4.5 million shares, for $135 million. Among the other 20 buyers of Anthropic shares, venture capital funds also made up the majority. This increased FTX's initial $500 million investment to approximately $1.3 billion, with a profit of about $800 million.

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