A court allowed FTX to sell their shares in Anthropic, an AI startup.
FTX initially bought the stake for $500 million, but thanks to the recent AI hype, its value has soared to $1.4 billion!
This extra money could be used to pay back the $6.4 billion FTX owes customers and creditors.
This is good news for affected individuals as it increases the chances of getting full compensation.
However, not everyone is happy:
The price of the FTT token (FTX's own cryptocurrency) isn't rising despite this news.
This is because the sale doesn't guarantee a revival of FTT.
The article analyzes the FTT price chart, suggesting a risky situation for potential investors.
Overall:
FTX selling their Anthropic shares could help repay victims, but it doesn't necessarily benefit the FTT token.