FTX, the centralized cryptocurrency exchange that filed for Chapter 11 bankruptcy protection in November 2022 due to liquidity shortages and capital outflows, would have held investments valued at approximately 158.796 trillion won if it had not collapsed, according to analysis cited by Park Sang-hyuk, editor at Digital Asset, on November 24. The valuation is based on Archam Intelligence data tracking FTX’s stakes in major companies including SpaceX, Anispear (cursor developer), and Anthropic (Claude developer).
FTX Investment Portfolio and Returns
According to Archam Intelligence data as of May 2024, FTX’s investments showed significant return multiples:
- Solana (Layer 1 project): 27x returns
- SpaceX (aerospace): 75x returns
- Anispear (cursor developer): 15,000x returns
- Robinhood (U.S. fintech platform): 8x returns
- Anthropic (AI/Claude developer): 165x returns
User Losses and Valuation Context
Park noted that user losses from the FTX collapse reached approximately $8 billion (about 11.86 trillion won), substantially less than the hypothetical investment valuations. However, he emphasized that these current valuations are speculative. Following the bankruptcy protection filing, FTX sold its stakes in these companies at discounted prices to compensate affected users, meaning the estimated investment values represent what-if scenarios rather than realized holdings.
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