FTX’s attempt to sell its $500 million stake in AI startup Anthropic has been halted, complicating the bankrupt crypto exchange’s efforts to address its $2 billion deficit. Parella Weinberg Partners, FTX’s advisory investment bank, decided to pause the sale earlier this month, despite interest from potential buyers. FTX filed for Chapter 11 bankruptcy protection in November and its co-founder, Sam Bankman-Fried, has faced federal charges. New court documents allege that under Bankman-Fried’s direction, over $402 million in customer funds were commingled, and the exchange owes its customers approximately $8.7 billion. FTX had already sold its derivatives trading platform LedgerX for $50 million. The delay in selling Anthropic shares comes as FTX still needs to recover around $2 billion to restore its assets fully. Anthropic, founded in 2021, gained attention for its AI chatbot called Claude. The delay in the sale of FTX’s stake in Anthropic comes as the exchange continues to navigate its bankruptcy proceedings.
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