SAM BANKMAN FRIED PICKED EVERY WINNER OF THE 2020s AND HIS LAWYERS SOLD THEM ALL AT THE BOTTOM.
If the FTX estate hadn't panic-sold its assets during bankruptcy, SBF would be sitting on a $114 billion empire today. Instead, he is watching the greatest trades of the decade from a prison cell.
The data is almost impossible to believe:
- Anthropic: $82.3 billion (165x) SBF bought an 8% stake for $500M. The estate sold it for $1.3B in 2024. Today, that stake would be worth over $80B.
- SpaceX:$15 billion (75x) A massive stake liquidated early to pay creditors.
- Solana: $5.1 billion (27x) SBF was an early backer at $8. The estate offloaded a massive chunk at $64.
- Robinhood: $4.9 billion (8x)
- Genesis Digital: $3.5 billion (3x)
The Latest "Missed" Fortune: CURSOR
In 2022, Alameda Research wrote a tiny $200,000 check for a 5% stake in the AI startup Cursor. In April 2023, the bankruptcy estate sold that entire stake back for exactly what they paid: $200,000.
Yesterday, SpaceX announced a deal to buy Cursor for $60 billion.
That "worthless" 5% stake would be worth $3 billion today. That is a 15,000x return that vanished because the lawyers wanted a quick exit.
SBF was a genius at picking generational winners and a criminal at managing their money.
The lawyers recovered $18 billion for users. If they had just held, they would be sitting on $114 billion and the most valuable venture portfolio in history.
GM Surfers π
Thanks @diegoxyz for the independent test, real funds, real results. Surf leads with 65.6% APY, including incentives, powered by Surf Leagues boosts.
This benchmark shows our AI edge in autonomous DeFi, but we're early: @zkCrossNetwork rails have already handled $140M+ in volume and will power Surf's cross-chain infrastructure, leading to higher APY opportunities and sustainable growth.
APY boosts are driven by Surf Leagues, pushing APYs to well over 60% with simple tasks. Deposit $100+ for XP from deposits, trades, and referrals.
V3 live: Enables buybacks (100% fees to $SURF buys) and cross-chain expansion for scalable growth.
Next: Multi-asset (WETH, cbBTC) integrations and faster chain rollouts.
If you're building, investing, or early on DeFAI β join us today.
https://t.co/bez11S834x
Stats: https://t.co/nacjQkEZ75
TG: https://t.co/xNXMId4om4
Feedback? DM us.
GM Surfers π V3 is LIVE!
Celebrate this game-changing milestone as $SURF buybacks kick in, channelling 100% of platform fees revenue into open-market $SURF purchases.
Existing V2 users can migrate automatically in a simple 2-step process.
Migration Guide for V2 Users
1. Connect your wallet, the system automatically withdraws funds athe nd rewards to your wallet from V2 and deploys a new V3 contract.
2. In the dashboard, click "Deposit" to redeploy your USDC into Surf's AI strategies.
This non-custodial process takes under a minute. Once deposit is successful, Surf gets into action and manages your funds across the highest APY pools.
Keep Surfing π
Tag a friend, and join the wave:
https://t.co/bez11S834x
GM Surfers π
Crypto timeline today:
β BTC -6.5%
β ETH -9%
β $2B+ liquidated
β Everyone panic selling, margin called, coping in replies
While Surfers just watching Surf compound 10.7%+ average APY completely untouched ππ
No leverage.
No liquidation.
No stress.
Your Surf agent is literally printing money right now while the market burns to the ground.
This is what actual peace in DeFi feels like.
Drop a π if you're up money today while the world cries.
@PraxMedia $SURF is thriving, breaking out and retesting the falling trendline. Easy 5-10x in the short-term with $0.16-$0.20 next target.
We keep Surfing with @Surf_Liquid π
@vainxyz The ticker is $SURF π
Clean breakout and restest of the falling trendline. Easy 5-10x from here in the short-term. Next target $0.16
Thank me later π€