FTX the financially troubled crypto exchange, is divesting its $1 billion stake in Anthropic, an AI company, as part of its bankruptcy strategy.

The sale, facilitated through a special purpose vehicle (SPV), excludes Saudi Arabian entities due to security concerns. FTX initially bought the shares for $530 million in 2022, and their value has since nearly doubled.

Meanwhile, former FTX CEO Sam Bankman-Fried faces sentencing on March 28 following a conviction on seven counts of fraud. and what do you thing??

more Updates coming 👍👍👍

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