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FTX liquidators sold a stake in AI coding platform Cursor for just $200,000, missing out on a potential $500 million gain. The platform has since secured $900 million in funding at a $9 billion valuation. This marks another undervalued asset sale by FTX’s estate.
- Cursor AI, now valued at $9B, was sold by FTX liquidators for just $200K.
- The platform generates $200M+ in annual recurring revenue and has major VC backing.
- FTX liquidators previously undervalued SUI blockchain contracts, sold for $1M before reaching a $3B valuation.
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