This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Bankrupt crypto exchange FTX missed out on nearly $500 million in potential profits after selling its early stake in AI startup Anysphere too soon. The stake, originally worth $200,000, could have been worth half a billion dollars today. This adds to a series of undervalued asset sales during FTX’s liquidation process.
- FTX sold its $200K Anysphere stake before its valuation surged to $9B, missing out on ~$500M in potential profits.
- The bankrupt exchange also undervalued SUI blockchain contracts, selling them for $1M instead of their $3B current worth.
- FTX’s estate has partially offset losses with successful sales, including a $1.4B return on its Anthropic Holdings investment.
📎 Related coverage from: cryptoslate.com
Other Tags: Alameda Research, Mysten Labs