gavel and cryptocurrencies in the background

FTX Seeks Court Approval to Sell $1.4 Billion Anthropic Stake

Bankrupt crypto exchange FTX seeks court approval to offload its $1.4 billion stake in AI firm Anthropic, raising funds for creditors while navigating the complexities of its financial restructuring.

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FTX Creditors Cry Foul Over “Disastrously Low” Asset Valuations

Tensions flared in the FTX bankruptcy saga as creditors vehemently challenged the exchange’s proposed method for valuing customers’ digital assets. A December 27 court filing revealed FTX seeking approval to base claims on frozen prices from November 11, 2022, the day of its collapse. This translates to estimates of $16,871 for Bitcoin, just half its current value, and similarly underwhelming figures for Ethereum, Solana, and Avalanche.

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