FTX verpasste 500 Millionen US

tldr; Bankrupt FTX missed out on nearly $500 million in potential profit after selling its early stake in Anysphere, the company behind the AI code editor Cursor, for $200,000 in 2023. Anysphere’s valuation surged to $9 billion in April 2024, making FTX’s original investment worth close to $500 million. This unrealized gain could have helped compensate FTX creditors. Similar undervalued sales during FTX’s liquidation process have also been reported, though some asset sales, like its stake in Anthropic Holdings, have yielded better outcomes.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Didn’t they invest super early in Anthropic too? Seems like their venture arm was pretty good really feels like if they were able to fake it a little longer they could have survived. Interesting turn of luck for them.