FTX Halts Sale Of AI Startup Anthropic Despite Whopping 9-Figure Price Tag: Report
Portfolio Pulse from Murtuza Merchant
Crypto exchange FTX has halted the sale of its stake in AI startup Anthropic, which was expected to fetch a nine-figure sum. The decision comes after FTX declared bankruptcy in November. FTX's investment in Anthropic, established by ex-employees of OpenAI, is one of its largest, surpassed only by its $1.5 billion investment in Genesis Digital. The new management at FTX has released a report on alleged misappropriation of customer assets.
June 28, 2023 | 2:05 pm
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FTX's decision to halt the sale of its stake in Anthropic could impact its recovery from bankruptcy. The alleged misappropriation of customer assets could also negatively affect investor confidence.
FTX's decision to halt the sale of its stake in Anthropic, a potentially valuable asset, could slow its recovery from bankruptcy. Additionally, the allegations of misappropriation of customer assets could further erode investor confidence, potentially leading to a decrease in the value of FTTUSD.
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