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FTX’s Anthropic stake now worth more than creditors’ claims as value surges past $30 billion
Sam Bankman-Fried’s venture bets are turning out to be some of the best in crypto, so much so that they could have changed the outcome of FTX and its creditors, going by the portfolio’s nominal value ...
A $4.7 billion portfolio — spanning Anthropic, Solana, Robinhood, SpaceX and Sui — would be worth an estimated $52.5 billion today. Creditors got cents on the dollar instead.
Editor’s Note (November 14, 2024): Since the publication of this article, FTX has intensified its efforts to recover assets through clawback litigation, with filings beginning in early November 2024, ...
Add Yahoo as a preferred source to see more of our stories on Google. A federal judge on Wednesday dismissed most of the claims brought against Tom Brady, Shohei Ohtani, Steph Curry, Gisele Bündchen, ...
FTX has reached a settlement with K5 Global, a venture capital firm co-founded by a former aide in Hillary Clinton’s office, resolving a lawsuit that sought to recover $700 million in disputed ...
Gary Wang, co-founder and former chief technology officer of FTX, exits the Manhattan federal court after testifying on Tuesday, Oct. 10, 2023, in New York. (AP Photo/Eduardo Munoz Alvarez) MANHATTAN ...
Backpack allows former FTX EU users to reclaim euro balances after KYC verification, following its acquisition of the bankrupt crypto platform's EU arm. Crypto exchange Backpack announced that ...
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