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FTX Seeks Court Approval to Sell 8% Stake in AI Firm Anthropic

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The bankrupt cryptocurrency exchange FTX is preparing to sell its most significant remaining illiquid asset: an 8% stake in the valuable AI startup Anthropic.

The move comes as part of FTX’s broader asset liquidation strategy to meet client obligations, following the recent divestment of funds totaling over $700 million in cryptocurrencies within the last three months.

FTX Pushes for Expedited Approval

The recent motion requests judicial consent for the sale and urges the court to expedite the process by shortening the deliberation period. FTX aims to have the motion heard at the upcoming bankruptcy court hearing scheduled for February 22, with objections from stakeholders due by February 15.

The court filing discloses two potential avenues for selling the Anthropic stake: an auction or a private sale. However, FTX’s legal team has redacted the specific price they seek, citing concerns that public disclosure could hinder obtaining higher and more favorable offers.

Anthropic gained attention when FTX’s former CEO, Sam Bankman-Fried, invested $500 million in the AI company in October 2021. Anthropic’s latest reported valuation was as high as $18 billion in December 2023, which would give FTX’s stake a value of around $1.4 billion.

FTX asserts that the funds generated from the sale of its Anthropic stake will be crucial in fulfilling customer and creditor claims in full. This move is not the first time the failed exchange has contemplated selling its Anthropic shares. A previous attempt in June 2023 was suspended for undisclosed reasons.

FTX’s Recent Divestments

This development follows FTX’s recent divestments of various holdings, which involved selling over $700 million in cryptocurrencies in the past three months.

Additionally, the bankrupt company disposed of roughly 75% of its GBTC investments, generating approximately $600 million. FTX has also initiated the sale of a $175 million claim against the bankrupt cryptocurrency lender Genesis.

Meanwhile, Andrew Dietderich, FTX’s legal representative, disclosed during the company’s bankruptcy hearing that any plans to revive the exchange have been officially abandoned.

He explained that despite months of negotiations with potential investors and bidders, the company failed to secure sufficient funding to rebuild the platform, with its flawed operations and founder’s legal issues cited as major hindrances.

Dietderich labeled FTX as a “fundamentally flawed” and “irresponsible sham,” deeming resurrection impractical. Given the foundational issues that hindered securing adequate funding from potential bidders, the primary focus is ensuring full customer reimbursement.

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Unsuspecting Elderly Widow Loses $281K in a Romance Scam: The Dark Side of Crypto

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In an effort to curb the misuse of cryptocurrency ATMs, Australian authorities have identified 90 individuals, many of them scam victims or unwitting money mules, following a months-long investigation led by AUSTRAC’s cryptocurrency taskforce.

The operation was conducted in collaboration with federal and state law enforcement agencies and marks a significant step in understanding how crypto ATMs are being co-opted to facilitate fraud and the laundering of illicit funds.

Widow Scammed Out of $281K in Crypto ATM Scam

According to the official press release, the investigation targeted users with unusually high volumes of transactions, drawing from ATM data across all Australian states. Analysts found that many of the top users were not orchestrating criminal schemes, but rather had been manipulated into them.

In a particularly distressing case, a woman in her 70s lost over $281,000 after falling prey to romance and investment scams, and repeatedly deposited cash into crypto ATMs under false promises. Another victim, also a woman in her 70s, was conned out of more than $130,000 after engaging with what she believed was a legitimate investment platform.

AUSTRAC CEO Brendan Thomas said the findings were more alarming than expected. He added:

“It’s hard to hear these stories, but now we have a better picture of the harms being perpetrated through crypto ATMs, we are better placed to take action, including working with the industry to harden the sector against criminal misuse.”

In response, AUSTRAC recently introduced minimum operational standards for crypto ATM providers. This includes a $5,000 limit on cash transactions, mandatory scam alerts, and improved customer verification and transaction monitoring protocols. These regulatory changes aim to tackle the exploitation of the machines by fraudsters and reduce opportunities for laundering proceeds from criminal activity.

The operation was coordinated by NSW Police and supported by the Australia-New Zealand Crypto Practitioners Working Group (ANZCPWG). Meanwhile, the Australian Federal Police’s cybercrime coordination unit (JPC3) is also launching a national awareness campaign to educate the public about the risks of using crypto ATMs under coercion or misleading advice.

Older Australians Most Affected by Crypto Scams

Crypto scams in Australia have been increasing at a disturbing rate. More precisely, crypto ATMs, which are now more than 1,600 nationwide, are increasingly being misused by fraudsters who target vulnerable citizens.

Over $3 million was lost to cryptocurrency ATM scams in the country between January 2024 and January 2025. Experts are warning that the real figure could be far higher. According to a report cited by the Australian Federal Police (AFP), 150 scam cases were reported, mostly involving investment fraud, extortion, and romance scams, with victims losing over $20,000 on average. Nearly half of those affected were aged over 51.

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30% Surge for Dogecoin? Here’s What Needs to Happen (Analyst)

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TL;DR

  • The meme coin mania seems to have faded despite a few brief moments of hope, and the niche’s leader has failed to recapture its momentum and investors’ attention.
  • However, there’s a chance for a massive double-digit surge, but only under certain conditions, according to popular crypto analyst Ali Martinez.

To embark on its 30% journey north, the largest meme coin by market cap first needs to reclaim the $0.17 resistance. This doesn’t sound like such a major hurdle, given its current price tag of $0.164.

The second part of the equation involves the TD Sequential, which is a metric often used to determine the underlying asset’s market exhaustion in either direction.

The indicator has presented a buy signal on DOGE’s 3-Day chart. Consequently, Martinez concluded that both of these factors could result in a price pump to $0.21.

This would be a breath of fresh air for Dogecoin, which has struggled quite a lot since early 2025. In the past month alone, its price has tumbled by over 21%.

Despite this rather unfavorable market movement lately, some industry participants have remained highly bullish on DOGE’s future price trajectory. JAVON MARKS, known for his bullish statements on several crypto assets, believes the OG meme coin still has a chance to post a mind-blowing surge that can take it to the stratosphere, based on historic performance.

Such a price tag sounds just a bit far-fetched at the moment. History is no indication for future price movements, and $20 per DOGE would mean a whopping market cap of roughly $3 trillion, which would make it a lot bigger than BTC.

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Ripple’s Legal Fight Nears End: Is the $10K XRP Dream Possible?

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Ripple has just announced that it will drop its cross-appeal against the SEC, signaling the end of a years-long legal siege.

CEO Brad Garlinghouse declared: “We’re closing this chapter once and for all.” With the SEC expected to reciprocate, XRP surged by 5% at one point to $2.2.

But beneath the modest green candle lies a tidal wave of speculation. The question everyone’s whispering, tweeting, and meme-posting about: Could XRP really hit $10,000?

The $10K Obsession

There have been more modest predictions, such as those of social media personality Jake Gagain, who recently calculated that a 50x surge, as touted by Carl Moon, would catapult XRP to $106.50.

Influencers like Lucy Bear have called such projections “conservative,” with Casi Trades boldly stating:

“If you think XRP can’t reach double digits, you don’t understand crypto!”

What about the $10,000 promised land? If the XRP Army is to be believed, this number isn’t plucked from some random crypto casino. Apparently, it traces back to elusive Ripple co-founder and XRPL architect Arthur Britto, who is said to have envisioned a future where XRP would serve as the global liquidity backbone for all payments.

According to enthusiasts, Britto believed that for XRP to fulfil its destiny, it would need to hit a staggering $10,000 per token. And while many have scoffed at such moonshot valuations, diehards seem to be doubling down.

In a recent episode of The Rollup podcast, former NEAR engineer Altan Tutar described the XRP fraternity’s $10,000 conviction as almost religious, saying, “I’ve never seen anything like this in any other community.”

While not directly adding his name to the believers’ list, Tutar acknowledged the rationale behind the conviction, comparing XRP’s potential rise to Bitcoin’s own journey to an all-time high price of $111,814.

“If Bitcoin went to $100K, then why not XRP to $10,000?” he asked.

But Here’s the Reality Check

A $10,000 XRP price implies a market cap of $590 trillion, dwarfing the entire global economy. Even Gagain’s $106 price means a $6.28 trillion valuation, more than double Bitcoin’s peak market cap.

It’s probably why Rollup host Andy bluntly dismissed $10,000 as pure fantasy, stating, “XRP is not going to $10,000… $10 is already a stretch.”

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