US Marshals Liquidate Anthropic Stakes Seized from FTX Executives

Ellison and Singh secured their positions during Anthropic’s 2022 Series B financing, with Singh contributing $40 million and Ellison $10 million. Following their criminal convictions, federal courts ordered the forfeiture of these assets. The Marshals Service reportedly finalized the sale to existing Anthropic investors throughout 2025, though the government has maintained silence regarding the specific transaction terms, buyer identities, and the total proceeds collected.

While the exact sale price remains undisclosed, analysts have offered varying valuations based on Anthropic’s explosive growth. Estimates from experts like UCLA professor Olav Sorenson and PitchBook’s Harrison Rolfes suggest the government’s haul could range from $250 million to over $1 billion, depending on the timing of the liquidation. These figures pale in comparison to current theoretical valuations—which could reach upwards of $5 billion—due to the rapid appreciation of the AI firm’s shares in subsequent funding rounds.

Despite the scale of the sale, the path for victim compensation remains murky. The Department of Justice maintains that restitution is a priority, yet there is no public confirmation that the proceeds from these specific shares have been funneled into the FTX bankruptcy estate. As of mid-2026, bankruptcy filings show no clear link between these assets and the funds currently being distributed to creditors. The Marshals Service continues to decline comment on the transaction, citing the confidential nature of ongoing forfeiture proceedings.