FTX bought 5% of Cursor for just $200K in 2022.
After FTX went bankrupt, that same stake was sold for $200K in 2023.
Today, Cursor is valued at $60B by SpaceX.
That 5% stake would now be worth around $3B.
A potential 15,000x gain was lost because the goal was to quickly close the bankruptcy, not wait for the investment to grow.
This shows the real cost of bankruptcy.
Sometimes the biggest value isn't lost in the collapse itself, but during the cleanup.