Bankrupt cryptocurrency exchange FTX is putting the brakes on the sale of its stake in AI platform Anthropic, according to a Bloomberg report on Tuesday.

While no specific reason for the halt was given, FTX holds over $500 million worth of shares in Anthropic, according to a November 2022 report by the Financial Times.

FTX filed for Chapter 11 bankruptcy protection in November. A month later, FTX co-founder Sam Bankman-Fried was charged with several federal crimes, including money laundering, fraud, and conspiracy to commit wire.

In court documents filed yesterday in the United States Bankruptcy Court of Delaware, FTX’s former leadership, including Bankman-Fried, is accused of commingling over $402 million in customer funds at the direction of Bankman-Fried and other senior FTX executives. The failed exchange, the document said, owed customers approximately $8.7 billion, $6.4 billion in the form of fiat currency and stablecoins.

In January, a federal judge overseeing the FTX bankruptcy permitted FTX to sell off some of its assets to repay creditors.

Other assets that FTX has sold include derivatives

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Author: Jason Nelson

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