Menu

1 / 3

The feds seized Anthropic shares and cashed out way too early

All Content from Business Insider·Jacob Shamsian·about 19 hours ago
#3jJ4ByGT
Reading 0:00
15s threshold

The feds made $627 million selling Anthropic stock from SBF's friends — but could have made billions

Sam Bankman-Fried and two of his co-conspirators held investments in Anthropic, the AI company that has since soared in value. Bloomberg/Getty Images

Last year, the federal government made a windfall of $627 million when it sold Anthropic shares it had seized from associates of crypto fraudster Sam Bankman-Fried .

If it had held on to that stake, its windfall could have been a lot bigger.

Business Insider previously reported that the federal government last year sold shares of Anthropic that had belonged to Caroline Ellison and Nishad Singh , two executives at Bankman-Fried's now-defunct companies.

Anthropic's S-1 filing on Monday revealed how much the federal government made from the sale of their shares. The prospectus doesn't name Ellison and Singh specifically.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.