FTX Approved to Sell $1B Stake in AI Firm Anthropic, Aims to Repay Creditors

The sale of FTX's stake in Anthropic, valued over $1 billion, was sanctioned by a bankruptcy court, marking a significant step towards repaying the exchange's creditors.

Bankruptcy court grants FTX permission to sell its nearly 8% stake in AI startup Anthropic.
The sale could potentially fetch over $1.4 billion, aiding FTX's efforts to repay creditors.
FTX's investment in Anthropic, initially $500 million in 2021, has appreciated significantly.
Despite challenges, FTX expects to fully repay customers, leveraging assets like Anthropic shares.
The approval comes after negotiations and court compromises with FTX customers opposing the sale.