Government sells seized Anthropic stock from FTX insiders, victims' compensation still uncertain
The U.S. seized Anthropic shares owned by Caroline Ellison and Nishad Singh, sold them to existing investors, and it remains unclear if the proceeds will reach FTX fraud victims.
Federal authorities seized Anthropic stock from former FTX executives Caroline Ellison and Nishad Singh following a court order, and the assets were handed to the U.S. Marshals Service Complex Assets Unit. The Marshals sold the shares to current Anthropic investors, though details about the purchasers, sale price, and timing remain undisclosed. Because Anthropic's valuation has surged to hundreds of billions, the forfeited holdings could be worth anywhere from $250 million to $1.1 billion, depending on when they were sold.
Prosecutors have stated the proceeds should fund a remission process to compensate the millions defrauded in the $11 billion FTX scheme, yet the Justice Department has not confirmed that the money will be allocated to victims. The FTX bankruptcy estate continues to receive other seized assets, but the Anthropic sale proceeds have not yet been transferred. Critics warn the government might retain the funds to offset prosecution costs.
Why it matters
It determines whether billions in seized AI stock will help repay victims of the massive FTX fraud.
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