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The feds seized a stake in Anthropic from Sam Bankman-Fried's friends. What happened to the shares?

Sam Bankman-Fried's Anthropic stake was liquidated in bankruptcy court two years ago. His friends' shares went down a different path.

Two associates of Sam Bankman-Fried invested in Anthropic before he faced fraud charges. After their conviction, their shares became part of a legal black hole. The feds seized shares belonging to Caroline Ellison and Nishad Singh, and quietly sold those Anthropic shares last year. The government acquired a stake in Anthropic without paying from Bankman-Fried's associates, but their fate is unclear.

Written by urgent.news from Business Insider's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at businessinsider.com →

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