The $50M FTX Fraud Stakes That Became a Billion-Dollar Mystery
The US government quietly sold Anthropic shares forfeited by former FTX executives Caroline Ellison and Nishad Singh, but the proceeds have not reached FTX victims. While the shares were bought for $50M in 2022, their value has surged to potentially billions, raising questions about whether the government will retain the funds or distribute them to defrauded customers.