SBF bought 888 million $SUI for just $1 million — and the forced selloff that followed shocked the entire crypto world

Hard to believe, but it’s true: Sam Bankman-Fried (SBF) once secured 888 million $SUI tokens for only $1 million.

It was a quiet side deal embedded in FTX’s larger $101 million investment into the Sui project — all confirmed in official court filings.

Fast forward to today: with $SUI trading at around $4.04 per token, that small side investment alone would now be worth approximately $3.59 billion.

But the real twist is yet to come.

FTX’s total $SUI holdings — including incentives from the main investment — amounted to 1.6 billion tokens, now valued at roughly $6.46 billion.

Then came the dramatic moment:

FTX’s liquidation estate, under intense pressure to repay creditors, was forced to sell the entire stack of $SUI back to the Sui founding team —

for just $96 million.

That’s right: $6.46 billion worth of tokens dumped for only $96 million, all in an effort to plug the massive debt hole left in FTX’s wake.

A brutal ending to a monstrous deal — and for SBF, a tragic fall from "crypto trading legend" to 25 years behind bars.