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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