FTX CEO John Ray III bought its remaining Anthropic shares

The CEO of FTX Property, John Ray III, sells its steadiness shares in Anthropic, amounting to fifteen million, at a value of $30 per share. By this, he managed to rake within the quantity of $450 million. By the way, Anthropic is an AI startup that launched its chatbot, Claude. 

The FTX Property has filed for chapter. 

FTX had invested in Anthropic for $500 million and regularly elevated it to $1.3 billion, leading to an general revenue of $800 million.

On this spherical, G Squared emerged because the main purchaser, buying one third of the remaining shares, totaling 4.5 million, at a value of $135 million. Varied VC funds comprised many of the remaining twenty purchasers.

Concurrently, the chapter value has gone past $500 million by way of authorized and administrative prices.

The collectors of FTX are evidently apprehensive concerning the present state of affairs, because the legislation agency that beforehand represented FTX is now overseeing the FTX chapter. This presents a barely perplexing state of affairs for them. This has resulted within the introduction of an impartial examiner. 

Because the graduation of the case, John Ray, the CEO of FTX, has forwarded an expense assertion amounting to $5.6 million, with a price per hour of $1,300.

The property intends to make compensation in opposition to a minimal of 118% of the permitted claims. 

In the meantime, Ryan Salame, the previous CEO of FTX Digital Markets, acquired a 7.5-year jail sentence after admitting guilt to 2 counts. This occurred on Might 28, 2024, on the US District Court docket for the Southern District of New York, with Lewis Kaplan because the presiding decide. Sam Bankman-Fried appealed his sentence for fraudulent actions within the earlier month.

The FTX Property has set a deadline for releasing funds to its purchasers on the finish of the yr.