The feds made $627 million selling Anthropic stock from SBF's friends — but could have made billions
The US government sold $627 million in Anthropic shares after seizing them from Sam Bankman-Fried's friends. Its windfall could have been even bigger.
Last year, the federal government seized shares in Anthropic, an AI company, from associates of Sam Bankman-Fried, a crypto fraudster. The government then sold those shares for $627 million, a significant windfall. However, if Anthropic had gone public at a $1.5 trillion valuation, those shares would be worth nearly $4 billion. The federal government could have made billions more had it held onto the shares.
The seizure of the shares involved a complex criminal forfeiture process and the subsequent sale by the US Marshals Service. The shares were acquired through the company's 2022 Series B fundraising round by Caroline Ellison and Nishad Singh, two executives from Bankman-Fried's defunct companies. Despite the government's significant profit from the sale, the exact investors who purchased the shares from the federal government are unclear.
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