SBF lawyers are dumb
SBF lawyers sold SBF’s investment in Cursor, which was five percent of entire company for peanuts. The same stake, that was $200k, would have been 3 billion dollars today. There are many such cases,
According to official post on X, SBF claims that if FTX’s lawyers hadn’t sold off its core assets, its top 6 holdings would be worth ~$114-Billion today at the time of this article.
$200K into a $400K pre-seed that became a $60B company and the bankruptcy lawyers sold it for $200K. that’s not a bad investment, that’s a bad liquidation. the lesson is always the same, hold your winners.
Who was the first investor in Cursor? The GOAT investor SBF of course.
— Jeff Weinstein 🇺🇸 (@Jeffreyw5000) April 22, 2026
Alameda Research invested $200k to take half of the company’s $400k pre-seed in 2022.
Its stake was sold off in FTX bankruptcy proceedings in 2023 for………$200k.
Lawyers wanted liquidity, creditors lost the upside on arguably the best VC vintage in history. Some say SBF deserved it as the billions he invested came from customer deposits he gambled away. Some say SBF was the greatest investor in the history of all investors. Some even say if CZ had not backstabbed him, he would have been above George Soros in terms of trader rankings.
With FTX, he had the whole world at your fingertips.