FTX Creditors Eyes Full Recovery With New Anthropic Funding

FTX Creditors Eyes Full Recovery With New Anthropic Funding
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Anthropic, an Artificial Intelligence firm, has recently secured new funding from notable investors, including Google, an investment that might prove to be beneficial to FTX creditors. 

Interestingly, this news carries positive implications for creditors of the cryptocurrency exchange FTX which has been scrambling to recoup funds to make payouts to the exchange’s previous customers. 

Considering the earlier investments made by the former CEO Sam Bankman-Fried into the Anthropic startup, the FTX creditors could recover up to 100%.  Likewise, with Anthropic’s AI expertise, FTX can explore several ways to leverage AI and enhance its blockchain based trading platform, ultimately benefiting its creditors in the advent of a rebirth.

The implosion of FTX has created a wide ranging dilemma for its investors whose funds remain locked up. Progress has been made by the John Ray III led exchange with more than $7 billion of funds already recovered. The Anthropic stake is an added boost, fueling sentiments that not all decisions made by FTX were bad.

Recall that in 2022, the AI safety and research company raised $580 million in a Series B funding round led by SBF. The financing helped Anthropic build large-scale experimental infrastructure to explore and improve the safety properties of computationally intensive AI models. 

Beyond Anthropic: Other Funding in the Crypto Space

Prior to this time, FTX contemplated selling its stake but luckily, decided to temporarily halt the sale of its $500 million stake in the AI startup.

Beyond Anthropic: Other Funding in the Crypto Space

Besides Anthropic, the crypto world has been witnessing a steady inflow of funds from investors in the market.

Just last month, Bitget, the leading crypto exchange platform for crypto derivatives trading announced a new funding round aimed at growing its ecosystem and investing in regional exchanges, amongst others. Likewise, Blockchain Capital announced the closing of two new funds which account for almost $580 million.

The funds were generated for investment in infrastructure, gaming, and Decentralized àaFinance (DeFi), along with both consumer and social technologies. The company mentioned that the funds will be split into two parts. The first which is $380 million would go for an early-stage fund, while the rest would be reserved for the opportunity.


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