FTX’s collapse in November 2022 triggered the liquidation of its assets to repay creditors. The exchange sold its Anthropic stake in phases during the bankruptcy process. In 2024, it disposed of the majority of its holdings for $884 million to a consortium of buyers, including Abu Dhabi’s ATIC, with the total recovery from the position estimated between $1.3 billion and $1.5 billion—at a time when Anthropic’s valuation stood near $18 billion.