FTX has settled its lawsuit with its EU founders for $32.7 million and agreed to sell its assets in the EU market.
FTX has also received approval to sell its stake in Anthropic, an AI startup valued at $15 billion.
FTX, the bankrupt crypto exchange, has reached a settlement with its EU founders, Patrick Gruhn and Robin Matzke, who were sued for over $323 million. The settlement also involves FTX selling its assets in the EU, where it failed to gain traction.
The lawsuit, filed in July 2023, claimed that FTX’s founder, Sam Bankman-Fried, invested nearly $400 million in FTX Europe. It was formerly known as Digital Assets DA AG. Bankman‘s intentions were purely for personal gain, despite the company’s poor performance and limited operations.
The lawsuit sought to recover over $323 million from Gruhn, Matzke, and their associates, Brandon Williams of Cosima Capital and Lorem Ipsum Holding UG, a German holding company owned by Matzke. However, the parties have agreed to a
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