A Shot at Full Recovery? Amazon’s Billions to Anthropic Ignite Hopes for FTX Creditors

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FTX creditors might see a silver lining following the recent partnership between Anthropic and Amazon, as the tech behemoth unveiled plans to pour up to $4 billion into the budding artificial intelligence (AI) startup. Over on the social media haven X, a cadre of FTX creditors, united under the banner of “FTX 2.0 Coalition,” explained how FTX’s vested stake in Anthropic could pave the way to compensating customers and making them whole.

FTX Creditors Eye Payday as Amazon Pumps Billions into AI Startup Anthropic

On the cusp of the artificial intelligence (AI) boom, Anthropic, a rival to Openai, garnered a substantial $580 million in a Series B funding round in April 2022. Spearheaded by FTX chieftain Sam Bankman-Fried, the fundraising endeavor also saw notable contributions from Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Center for Emerging Risk Research (CERR).

Amid FTX’s financial debacle, its share in Anthropic has been thrust into the limelight, more so following Anthropic’s remarkable funding infusion of up to $4 billion from Amazon and an extra $300 million from Google the preceding February. While a fresh valuation of Anthropic post-Amazon deal remains under wraps, the enterprise boasted a near $5 billion worth in May 2023. Notably, buzz surrounds Anthropic as it reportedly engages in dialogues to amass at least $2 billion in fresh capital.

The startup is eyeing a valuation ranging from $20 billion to $30 billion, buoyed by this new capital influx. As Anthropic’s valuation escalates, a faction of FTX creditors took to the social media realm X to share their insights. “Anthropic to raise from Google at $20-30B valuation, putting FTX’s stake at $3-4.5B. FTX customers now stand to be made whole,” the FTX 2.0 Coalition wrote on the social media platform.

The FTX estate too, likely acknowledges its Anthropic share is worth a pretty penny, and at the end of June, the debtors stalled the sale of FTX’s Anthropic share. The saga of FTX’s bankruptcy unfolds with myriad facets yet to be resolved before marching ahead with its strategies. Beyond the Anthropic stake, FTX debtors have reclaimed billions in crypto assets alongside tens of millions in real estate assets.

Currently, debt recovery titans keen on capitalizing post-acquiring FTX claims have reportedly snagged $250 million in claims thus far. Data from claims-market.com reveals the current peak payout for an FTX claim bearing some preference risk is trading at $0.37 on the dollar, while no preference risk FTX claims are fetching $0.41 on the dollar.

What do you think about the creditors who have higher hopes after Anthropic raised billions from Amazon? Share your thoughts and opinions about this subject in the comments section below.