#Write2Earn FTX Sells EU Assets and Stake in AI Company to Recover Funds

Here's the breakdown in simple terms:

Lawsuit: FTX sued its former European founders for allegedly using company money for personal gain.

Settlement: The case is settled for $32.7 million, and the founders buy back FTX's EU assets.

Reason: FTX struggled in Europe and wants to focus on recovering funds.

Separate Sale: FTX is also selling its share of an AI company called Anthropic for potentially a lot of money.

What this means:

FTX is getting rid of businesses that weren't working and trying to pay back its creditors, the people it owes money to.

This case shows the challenges faced by the crypto industry, including legal issues and changing markets.

Additional Info:

Another crypto company, Kraken, is also facing legal issues in the US.

The crypto industry is still evolving, with new businesses and rules appearing all the time.