The same bets that helped build the Sam Bankman-Fried empire have become a model for early trading.
As the FTX bankruptcy estate rushed to pay off creditors, it dropped early-stage investments in companies that had become among the most important names in AI and fintech, often at a fraction of what they would later command.
“That guy knew how to trade with his client’s money, he just wasted his time,” said another user he laughed.
Cursor value is sold for value
Alameda Research has written a $200,000 check to Anysphere, maker of the AI coding tool Cursor, during the 2022 seed round.
With this, he got about 5% of the company, according to Forbes’. accounting of company basics.
In 2023, the site sold the property at cost, making the unsightly tool like a small item to be removed.
The magnitude of the miss became apparent this week, when SpaceX admitted a $60 billion in total sales to find the Cursor, making the call that the rocket company first discovered in April 2026.
At this calculation, a 5% drop in value would amount to $3 billion. On paper, the place they left for pocket change could be among the most valuable things ever touched.
“SBF’s sleepless night just got worse… In 2022, Alameda (FTX) threw $200k into Cursor pre-seed → ~5% at a price of ~$4M. FTX bankruptcy sold the entire property at cost. comments John LeFevre.
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Anthropic Defines Sorrow
FTX poured nearly $500 million into Anthropic in 2021, one of the largest private equity checks recorded in the AI lab before ChatGPT.
That left about 8% holdings in the company founded by former OpenAI researchers Dario and Daniela Amodei.
With the permission of the court, the property was sold two installments of 2024:
- About $ 884 million to the consumer group in the month of March and
- Another $452 million in June, about $1.3 billion combined.
Anthropic raised $30 billion at a valuation of $380 billion, according to the company’s disclosures.
That same 8% rate would be worth more than $30 billion, the BeInCrypto release said miss out on billions while Bankman-Fried served time in prison.
“He made all these bets when he was 29, selling $32B… he added.
The money still helped pay off the debt so they could pay it all off.
However, the difference of about 23 between the selling price and the current price is a clear sign of how the crisis selling is against the technical time.
Robinhood, Solana, Sui Release Series
This process is repeated for other SBF forcing methods.
Emergent Fidelity Technologies, an Antigua-registered vehicle controlled by Bankman-Fried, purchased a 7.6% stake in Robinhood for approximately $648 million in 2022.
After the fall, US prosecutors seized the shares, and in 2023 the US Marshals Service sold 55.3 million of them to Robinhood at $10.96 apiece, a deal worth $605.7 million.
That would be worth more than $5 billion at Robinhood’s current valuation of around $87 billion.
Solana (SOL) hits close to home, as Alameda was one of the brand’s sponsors.
Under the plan approved by the court in 2024, the site sold about 30 million closed SOL at about $ 64 each, Galaxy Digital and Pantera Capital among the main buyers.
SOL subsequently peaked around $293 in early 2025 before bottoming out about $74 todaythat leaves it Solana’s low sales looking at the price increases especially against the 2025 increase instead of the current price.
Another settlement of 2023, Mysten Labs also bought FTX’s Sui (SUI) stock. and warrants totaling about $96 million, close to the roughly $101 million the exchange paid a year ago.
Taken together, the results show a history of reaching well-known companies not left behind by the collapse of the financial system that forced a quick sale to repay customers who were defrauded.
“Sam Bankman-Fried is the greatest investor of all time… This means that if he were not in prison today he would have a net worth of $100 billion… He would be the 20th richest person in the world,” he said Alex Finn, Founder/CEO of Henry Intelligent Machines PBC.
The center, run by veteran reformer John J. Ray III, needs money from court time rather than the patience a business fund can afford.
Whether it was sold at too low a price or simply couldn’t wait, is the debate that grows with all the new acquisition costs attached to the existing one.
A note SBF Sold Out Early: Bets That Later Turned Into Multi-Billionaires appeared for the first time BeInCrypto.
