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Key Takeaways Anthropic is in early talks to raise $3–$5 billion, targeting a valuation above $150 billion, up from $61.5B in March. At this valuation, FTX’s former 8% stake, sold for approximately $1.3 billion, would be revalued at over $12 billion. Share this article Anthropic is in early talks to raise a new funding round … Read more
Binance, the world’s largest crypto exchange, has moved to dismiss a $1.76 billion clawback lawsuit filed by the estate of the now-defunct FTX exchange. In court documents filed on Friday (May 16), Binance argues that the claim lacks merit and states that the court has zero jurisdiction over the case. 🚨 BREAKING: Binance moves to … Read more
Backpack, a crypto exchange founded by former FTX executives, has initiated the fund claim process for FTX’s EU customers as part of the ongoing global efforts to distribute FTX bankruptcy recovery funds. On April 1, Backpack announced the launch of a two-step process for customers to claim their euro funds. Step 1, identity verification, is … Read more
A U.S. bankruptcy court has allowed the liquidators of the defunct crypto hedge fund Three Arrows Capital to substantially increase its claim against the collapsed crypto exchange FTX from $120 million to $1.53 billion. In a March 13 ruling by the US Bankruptcy Court for the District of Delaware, the judge ruled that FTX is … Read more
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