Legal and administrative costs have surpassed $700 million as FTX profits about $800 million from its Anthropic investment.
While FTX founder Sam Bankman-Fried's trial has come to an end, pending an appeal, the FTX bankruptcy slogs on.
FTX sold the remaining 15 million shares for about $30 each, netting over $450 million in proceeds. That brings the total haul from FTX's original $500 million investment in the company to about $1.3 billion, for a profit of around $800 million. The price per share for this second sale was the same for the first sale back in March.
Exchanges FTX FTX Bankruptcy Sullivan &Amp Cromwell
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