FTX Freezes Sale of $500M Stake in AI Company Anthropic

FTX stops selling its $500 million stake in Anthropic, an AI company.

The cryptocurrency exchange FTX is facing financial trouble. They had planned to sell their share in an artificial intelligence company named Anthropic to help pay off their debts. FTX owns $500 million worth of Anthropic, and a lot of people are interested in buying this. However, the sale has been paused. This delay could slow down FTX's plans to recover from their $2 billion debt. FTX got into this situation because they reportedly used $8.7 billion wrongly, but they've already got back $7 billion of that. The remaining $2 billion debt is still a big problem for them.