Backpack Exchange, an exchange founded by former FTX and Alameda employees, acquires FTX EU and takes responsibility for distributing FTX bankruptcy claims
- FTX EU has been acquired by Backpack Exchange following regulatory and legal approval. — Backpack EU will take responsibility …
Sources: Anthropic has ruled out taking any Saudi money over national security concerns, as investors jostle to buy into FTX's 8% stake that is now worth ~$1B
report RT Watson / The Block : OpenAI rival Anthropic selling FTX stake, but Saudi buyers left out of consideration: report Ananya Mariam Rajesh / Reuters : Anthropic weighs slate of sovereign wealth ...
FTX agrees to sell FTX Europe back to its founders for $32.7M, drops a lawsuit seeking back $323M it had spent to acquire the startup originally called DA AG
Dietrich Knauth / Reuters :
Neobank Dave reaches an agreement to pay $71M to FTX liquidators to buy back a $100M convertible promissory note that the neobank issued to FTX Ventures in 2022
Fintech firm Dave will purchase a convertible promissory note worth $100 million at a discounted rate, paying $71 million to FTX liquidators.
Documents: Coinbase explored acquiring FTX Europe after FTX's November 2022 bankruptcy, as part of Coinbase's goal to expand its overseas derivatives business
Leo Schwartz / Fortune :
Documents: Coinbase explored acquiring FTX Europe after FTX's November 2022 bankruptcy, as part of Coinbase's goal to expand its overseas derivatives business
In its pursuit to build out crypto derivatives offerings worldwide, Coinbase explored an acquisition of FTX's European entity following …
Report: FTX's exchange reboot may include a joint venture, a rebrand, and stakes for certain customers; indications of interest in the restart are due this week
Sources: FTX abruptly halted the sale of its $500M stake in AI startup Anthropic; FTX's bankers had reportedly been shopping its Anthropic stake in early June
Bankrupt cryptocurrency exchange FTX has abruptly halted the sale of one of its most sought-after assets: a stake in artificial intelligence startup Anthropic.
Sources: FTX reached late stage negotiations with Taylor Swift for a $100M+ sponsorship deal, supported by Swift fan SBF but opposed by some FTX executives
Negotiations between singer-songwriter and Sam Bankman-Fried's crytpo group collapsed this spring
Sources: FTX's derivatives exchange LedgerX is for sale, attracting interest from Blockchain.com, Gemini, and others; Nov. 17 filing: LedgerX had ~$303M in cash
Bloomberg :