FTX Wins Court Approval to Sell $1B Anthropic Stake to Repay Creditors After Collapse
• Federal bankruptcy court approved FTX's plan to sell its $1B stake in AI company Anthropic to repay creditors • Comes after FTX's collapse in 2022 that shocked the crypto industry • Judge approved the sale order after it was submitted last week • FTX previously signaled interest in selling the shares to "claw back" funds to pay debts • Comes after FTX sold trading platform LedgerX to M7 Holdings for $50M in May