- Bankman-Fried criticized FTX for selling most of its Anthropic shares for $884 million.
- He said the shares were sold at a “98% discount” while Anthropic’s value soared.
Sam Bankman-Fried collapsed criticized the team handling FTX’s bankruptcy after it sold two-thirds of FTX’s shares to artificial intelligence company Anthropic.
In March 2024, the FTX bankruptcy team agreed to sell the majority of its shares to Anthropic for approximately $884 million. The securities were purchased under Bankman-Fried in 2021 for $500 million. The deal affected approximately two-thirds of FTX shares. Among the buyers were ATIC Third International Investment Company and Jane Street Global Trading. These funds became the primary source for repaying client debts following FTX’s collapse in November 2022.
Since then, Anthropic’s share price has soared amid the AI boom, making it one of the most valuable assets remaining after FTX’s bankruptcy. Therefore, Bankman-Fried complains that the shares were sold too early and at a low price.
This isn’t the first time the former entrepreneur has criticized the current FTX team. Happy Coin News Reportedthat Bankman-Fried blamed the exchange’s external manager for leading the company to collapse.
Along with this, the former CEO of FTX, who is serving a 25-year sentence for misusing funds from users of the cryptocurrency exchange, revoked petition for review of the criminal case in federal court, but still appeals the conviction and sentence.
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