Imprisoned cryptocurrency fraudster Sam Bankman-Fried on Wednesday touted his investments in some of the world’s most valuable companies, and what the total stake could have been if the fire-sale had not occurred.
‘Many Such Cases’
Bankman-Fried, popularly known as SBF, quoted a post highlighting the pre-seed investment of Alameda Research—the sister company of fallen cryptocurrency exchange FTX—in AI coding tool Cursor. The startup is reportedly close to securing at least $2 billion in fresh capital at a $50 billion pre-money valuation.
Under SBF, FTX and associated companies took stakes in several technology startups, including AI company Anthropic, Robinhood Markets (NASDAQ:HOOD), K5 Global, which had investments in SpaceX and cryptocurrency project Solana (CRYPTO: SOL).
The bankruptcy of FTX led to the company selling off most of these assets. SBF posted an image showing what FTX’s top holdings would be worth …
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