A $200,000 FTX Sale in 2023 Just Turned Into a $3 Billion Miss
The FTX estate liquidated a 5% stake in an AI coding startup for the exact price it was bought. This week that same stake would be worth roughly fifteen thousand times more.
FTX was a centralized crypto trading platform that collapsed in 2022 after a liquidity crisis exposed the misuse of customer funds. Once among the largest exchanges by volume, FTX offered derivatives, spot trading, and tokenized assets before filing for bankruptcy. Its failure triggered widespread market contagion and reshaped how the industry approaches custody, transparency, and counterparty risk.
The FTX estate liquidated a 5% stake in an AI coding startup for the exact price it was bought. This week that same stake would be worth roughly fifteen thousand times more.