The magical level of FTX can be seen from this set of numbers. The exchange once held an 8% stake in Anthropic. If Sam Bankman-Fried still retains this asset after being convicted, it would now be worth as much as $28 billion—an absurd comparison: this figure is more than three times the actual losses suffered by FTX customers. This level of opportunity cost and stark reality contrast is one of the most ironic cases in the history of the cryptocurrency industry.

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