FTX missed out on $500 million after selling Anysphere's Cursor AI stake for just $200K

FTX missed out on $500 million by selling its $200,000 stake in Anysphere, the company behind Cursor AI, for the same amount in 2023 during bankruptcy proceedings. Anysphere’s valuation later surged to $9 billion after a $900 million funding round in April 2025. This sale reflects broader issues with FTX’s asset undervaluation, including a $1 million sale of SUI blockchain contracts now worth $3 billion. However, FTX’s estate saw success with a $1.4 billion sale of its Anthropic stake. Proceeds are being used to repay creditors, with a second round of reimbursements expected soon. Show Less