The bankrupt cryptocurrency exchange FTX reminded on X platform that, authorized by the court, the matter of selling digital assets by FTX debtors under the Bankruptcy Court Order No. 2505 will be exclusively handled by Galaxy Asset Management. However, some unauthorized third parties have been found to be attempting to solicit buyers on behalf of FTX debtors. Any sale offers or purchase solicitations shall only be made by Galaxy Asset Management to institutional buyers or other relevant parties in accordance with applicable laws.

Celebrities who endorsed FTX, a company that has faced financial and legal issues, are now investing and promoting less in the crypto and Web3 space. According to Crunchbase data, Shaquille O'Neal, Stephen Curry, Naomi Osaka, and Tom Brady have diversified their investments into other industries. Tom Brady, for instance, has shifted his focus to sports investments, including purchasing stakes in the Las Vegas Aces and Raiders sports franchises. Some celebrities who promoted crypto products without disclosing payments have faced consequences, leading them to be more cautious about future investments.

Bankrupt cryptocurrency exchange FTX has reached a settlement in a lawsuit in which the company attempted to recover $323 million spent on acquiring a European startup. FTX stated that it paid an excessive fee for a startup that was "unable to launch and operate," and FTX Europe's founder will buy back his company for $32.7 million. It is reported that Digital Assets DA AG was acquired by FTX and renamed FTX Europe in 2021, and FTX stated in a lawsuit in July 2023 that the acquisition was a "huge overpayment" paid with FTX customer funds. According to documents submitted to the Delaware Wilmington Bankruptcy Court on Thursday, FTX stated that no other buyers would agree to purchase its European subsidiary FTX Europe, and the proposed settlement is the best result for FTX creditors. (Reuters) In July 2023, FTX Trading recently sued insiders of FTX's European division, claiming that former CEO SBF paid an obviously high acquisition price. Accounting firm BDO stated that FTX's $376 million acquisition of Swiss startup Digital Assets AG (DAAG) "reasonably represents fair value" and is not improper. DAAG was later renamed FTX Europe.

Hong Kong-listed company New Fire Technology announced that the market price for the recoverable amount of FTX deposits is based on the valuation of the exclusive agent's written offer received by the company in early October 2023, minus agency fees and other professional expenses, and the net amount that can be recovered is approximately 39.4% of the original amount. As the cryptocurrency market recovers, the company has received several competitive offers from potential transferees regarding the transfer of FTX claims. If the FTX claims can be transferred by the relevant transferees, the recoverable amount will increase from about 39.4% in September 2023 to about 70% in January 2024. It is reported that the frozen asset value of New Fire Technology on the FTX exchange is HKD 141.7 million.

Swiss prosecutors raided Tyr Capital Partners, a crypto hedge fund based in Geneva, following a criminal mismanagement complaint filed by investor TGT. TGT accused Tyr of ignoring internal risk limits and investor warnings over exposure to FTX, which ultimately collapsed. Tyr Capital Partners denies any wrongdoing and claims to have complied with regulatory and contractual obligations. TGT is currently working to wind up the portfolio and control remaining assets. The collapse of FTX caused many firms to suffer losses and has led to ongoing investigations and lawsuits.

On February 17th, Estes, co-head of the General Crimes Bureau in the southern district of New York, stated that due to the rise of cryptocurrency assets, the amount of losses in the FTX case will cause intense controversy during sentencing. If all clients and creditors are compensated, the defense may argue for a significant reduction in the amount of losses, even to $0.<br>According to relevant US laws, for cases of fraud that cause lower losses, the recommended sentencing range is 24-30 months. Therefore, SBF may receive a lenient sentence in next month's ruling.&nbsp;

According to PeckShield monitoring, FTX/Alameda transferred 1000 ETH (worth about $2.3 million) to Coinbase, 54,500 RLC (worth about $117,800), 2.4 million SNT (worth about $90,500), 6,900 NMR (worth about $190,000), 618,000 OXT (worth about $61,000) and 162,500 POWR (worth about $48,000) to Coinbase Prime, 103,500 NEXO (worth about $90,000) to FalconX, and 4.4 million ALPHA (worth about $412,000) to Binance.

According to sources, cryptocurrency investment company Multicoin Capital is discussing the sale of its FTX bankruptcy claim, which is worth approximately $100 million. Positive news about the FTX bankruptcy claim has raised the claim price to over 70 cents per dollar and gradually risen to around 80 cents. Companies like Multicoin that have been inadvertently affected by the FTX bankruptcy have been contacted by claim buyers for over a year, and as potential bids rise, these companies are evaluating the opportunity cost of capital and choosing to sell early rather than wait.

According to court documents released on February 3, FTX (including Alameda) is seeking court approval to sell all of its shares in artificial intelligence (AI) company Anthropic. According to the latest disclosure, FTX believes that now is the "best and most appropriate time to coordinate the sale of Anthropic shares", and the sale of the company's shares is to "maximize shareholder interests". <br>

According to court filings, the estate of bankrupt crypto exchange FTX is looking to sell its shares in AI startup Anthropic. FTX's estate owns approximately 7.84% of Anthropic, which received a $500 million investment from FTX and Alameda in 2021. The estate had attempted to sell the stake last year, but the process was paused in June 2023. The proposed sale procedures will allow the estate to coordinate the sale of Anthropic shares at an optimal time and maximize the value for all stakeholders. A hearing on the matter may take place later this month.