🔥Hot News! The FTX bankruptcy consortium has decided to sell its remaining shares in artificial intelligence startup Anthropic because the legal and administrative costs related to bankruptcy have exceeded $700 million. 💰 It is reported that FTX sold the remaining 15 million shares of Anthropic at a price of about $30 per share, with a total price of more than $450 million. This makes FTX's initial $500 million investment appreciate to about $1.3 billion, with a profit of about $800 million. 🎉

The largest buyer is the global venture capital fund G Squared, which acquired about one-third of its remaining shares (ie 4.5 million shares) for $135 million. Among the other 20 buyers of Anthropic shares, venture capital funds accounted for the majority. 📈

Previous news, as bankruptcy costs continue to rise, FTX lawyers and consultants have approved more than $500 million in expenses from the bankruptcy estate. The agency responsible for overseeing the bankruptcy process has requested more than $700 million in fees and expenses, although many requests have been cut by 20% and some requests have not yet been approved. 📑

In this bankruptcy case, special counsel Sullivan and Cromwell topped the list with $254 million in approved fees, followed by financial advisory firm Alvarez and Marsel with $133 million in approved fees. Other law firms and consultants included forensic investigation consultant AlixPartners, special counsel Quinn Emanuel Urquhart & Sullivan, investment banker Perella Weinberg Partners and co-counsel Landis Rath & Cobb, who collected a total of $57 million in fees. 🏦