SBF bought 888 million $SUI for just $1 million, ultimately forced to liquidate, shocking the crypto world

It sounds like a myth, but it indeed happened: Sam Bankman-Fried (SBF) acquired 888 million $SUI tokens for just $1 million.

This was a 'hidden clause' in the massive $101 million investment that FTX made in the Sui project—everything has been confirmed in court documents.

Fast forward to today: the current price of $SUI is about $4.04 per token, meaning that this 'additional investment' now has a market value of approximately $3.59 billion.

But that’s not the most shocking part.

The total amount of $SUI that FTX held (including incentives from the main investment) reached 1.6 billion tokens, which, at the current price, is worth about $6.46 billion.

Here comes the climax:

To pay off debts, FTX's liquidation team was forced to sell this entire batch of $SUI tokens back at a low price to the founding team of Sui,

The transaction price? Just $9.6 million.

That’s right, tokens worth $6.46 billion were forced to be liquidated for a mere $9.6 million, just to fill the enormous debt hole left after FTX's collapse.

This is a cold, brutal transaction that also marks the tragic end of SBF’s journey from 'genius trader' to 25 years behind bars.