This is genuinely one of the MOST catastrophic missteps in financial history. đ¤Ż
Letâs rewind the tape: In 2022, FTX (riding high on fake glory) snatched a 5% stake in Cursor for a measly $200k. Chump change, right? Fast-forward to 2023âFTX is in bankruptcy ashes, and their clueless liquidators fire-sell that same golden stake for... wait for it... *exactly* the $200k they paid for it. No markup. No vision. Just a panic dump.
Now, cue the 2026 plot twist: SpaceX just swoops in with a $60 BILLION acquisition offer. SIXTY. BILLION.
Do the math. That 5% stake? Itâs now a cool $3 BILLION. Thatâs a 15,000x return that went up in smoke because someone on the bankruptcy team lacked the patience to hold for 36 months. đ¤Śââď¸
This isnât just a bad tradeâthis is a masterclass in how short-term panic destroys generational wealth. It proves that even in crypto-crater chaos, the real winners are the ones who tune out the noise and actually understand asymmetric upside.
So hereâs my hot take: The FTX estate didnât "manage risk"âthey committed financial treason against their own creditors. And the worst part? They probably celebrated breaking even at the time. đ
Now, debate me:
Was this sheer incompetence, or were they legally forced to dump it due to bankruptcy laws?
And more importantlyâif you were running that estate, would you have had the guts to HODL through the FUD?
Drop your verdict below. I dare you to defend their move. đ
#FTXFail #SpaceXMoney #BankruptcyBlunders
