, including $3.4 billion in crypto, $1.1 billion in cash and $200 million worth of real estate on the Bahamas.
The company also holds a highly-coveted $500 million stake in artificial intelligence startup Anthropic, which the exchange used customer funds to acquire so creditors have a claim on it. FTX explored the sale of the stake, but decided to halt the process in June. This might turn out to be a savvy move, as tech giantin the startup earlier. Amazon’s investment “could lift the value of FTX creditor claims,” Matrixport said.
“FTX [claims] are probably the hottest ticket in town,” said Thomas Braziel, co-founder and managing partner of distressed asset investment firm 507 Capital. “The market is so hot that distressed asset investors are absolutely clambering over each other for claims.” “We have seen several new buyers step into the market after FTX's Sept. 11 Stakeholder Update and meetings, which has increased competition,” Ferrara said in an email.