Sam Bankman-Fried Drops New Trial Motion as FTX Portfolio Hypothetical Goes Viral
Key Takeaways:
The figures cited were significant. The post estimated FTX’s solana (SOL) stake would now be valued at $5.1 billion, a gain of 27 times. Its SpaceX position was listed at $15 billion, a 75x return. A seed investment in AI coding tool Cursor was placed at $3 billion, representing a 15,000x multiple. A stake in Robinhood was estimated at $4.9 billion. FTX’s early investment in the artificial intelligence (AI) company Anthropic was listed at $82.3 billion, a 165x return. A position in Genesis Digital was placed at $3.5 billion. The post put the combined hypothetical portfolio value at $114 billion.
During the FTX bankruptcy, court-appointed trustees liquidated most of those positions at distressed prices to repay creditors and victims. The viral posts drew sharp responses across the platform. Some pointed to the early investment picks as evidence of Bankman-Fried’s analytical ability. Others pushed back, noting that the funds used to make those investments belonged to FTX customers and were moved without their consent.
The post’s framing captured a tension that has followed Bankman-Fried’s case since the collapse: the same entity that defrauded customers was also an early backer of some of the highest-performing assets of the current cycle.
Bankman-Fried also publicly sought a presidential pardon from Donald Trump. No pardon has been granted or indicated as forthcoming. His appeal before the Second Circuit remains active. So does the request for a new judge. The withdrawal of the Rule 33 motion does not affect either proceeding, and the door to a new trial bid remains open depending on how those matters are resolved.
About Author
