Overview

• 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.