🚨 FTX bought 5% of Cursor for $200,000.
Then sold it for $200,000.
That stake is now worth $3,000,000,000.
This is the most painful "what if" in the history of venture capital and it belongs to a convicted fraudster who blew up the entire crypto industry.
Let that be your villain origin story for the day.
2022. SBF is at the peak of his empire.
FTX quietly picks up a 5% stake in Anysphere the tiny startup building a code editor called Cursor.
$200,000. Pocket change for a firm throwing billions around.
2023. The empire collapses. The liquidators arrive.
Everything must go.
Cursor stake? Sold. $200,000. Same price. Zero gain.
Someone on the other side of that trade just made 15,000x.
And here's the part that should make every investor physically uncomfortable.
This wasn't bad analysis. This wasn't a wrong thesis.
The asset was fine.
Cursor was growing. The product was real. The team was building.
FTX didn't sell because Cursor failed.
FTX sold because SBF stole customer funds and the whole thing imploded.
A generational investment $3 billion in the making got dumped in a bankruptcy fire sale for $200,000.
Now SpaceX is buying the whole company for $60 billion.
And the man who originally owned that stake is sitting in a prison cell.
There is no more brutal illustration of what happens when the house of cards falls.
Not the fraud. Not the trial. Not the sentencing.
This is the real cost.
$3 billion. Gone. Because of one man's decisions.
The worst trade in crypto history didn't happen on a chart.
It happened in a courtroom.
#FTX #SBF #Cursor #SpaceX #Crypto