Court Approval Allows FTX to Sell Its Significant Stake in AI Firm Anthropic

By: Eva Baxter

FTX, the cryptocurrency exchange, is now legally permitted to sell its stake in AI startup Anthropic. The value of these shares has soared since the last proposed sale, potentially helping FTX settle its obligations to creditors. The approval from the court signifies FTX's ongoing effort to manage its bankruptcy estate through strategic asset maneuvering.