Deep Tide TechFlow News, February 13th, reports from Crowdfundinsider that early investments made by FTX founder Sam Bankman-Fried before his conviction have now significantly appreciated in value. He invested $500 million in AI startup Anthropic, which is now worth approximately $70 billion; the $60 million worth of Solana (SOL) tokens purchased at $8 each surged to a peak valuation of $2.1 billion; his $100 million investment in Sui blockchain development team Mysten Labs has now grown to over $800 million; additionally, his 7.5% stake in Robinhood is now valued at about $10 billion.
According to reports, if SBF’s assets had not been seized by authorities after the FTX collapse, these early investments could have yielded over $80 billion in profits. SBF’s failure was not due to poor investment judgment but resulted from illegal misappropriation of customer funds and violations of financial regulations, ultimately leading to the collapse of his empire.
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If SBF's early investments had not been confiscated, their current value could be as high as $80 billion.
Deep Tide TechFlow News, February 13th, reports from Crowdfundinsider that early investments made by FTX founder Sam Bankman-Fried before his conviction have now significantly appreciated in value. He invested $500 million in AI startup Anthropic, which is now worth approximately $70 billion; the $60 million worth of Solana (SOL) tokens purchased at $8 each surged to a peak valuation of $2.1 billion; his $100 million investment in Sui blockchain development team Mysten Labs has now grown to over $800 million; additionally, his 7.5% stake in Robinhood is now valued at about $10 billion.
According to reports, if SBF’s assets had not been seized by authorities after the FTX collapse, these early investments could have yielded over $80 billion in profits. SBF’s failure was not due to poor investment judgment but resulted from illegal misappropriation of customer funds and violations of financial regulations, ultimately leading to the collapse of his empire.