FTX Portfolio Investments Worth 158 Trillion Won If Not Bankrupt

FTX, the centralized cryptocurrency exchange that filed for Chapter 11 bankruptcy protection in November 2022 due to liquidity shortages and capital outflows, would have held investments valued at approximately 158.796 trillion won if it had not collapsed, according to analysis cited by Park Sang-hyuk, editor at Digital Asset, on November 24. The valuation is based on Archam Intelligence data tracking FTXโ€™s stakes in major companies including SpaceX, Anispear (cursor developer), and Anthropic (Claude developer).

FTX Investment Portfolio and Returns

According to Archam Intelligence data as of May 2024, FTXโ€™s investments showed significant return multiples:

  • Solana (Layer 1 project): 27x returns
  • SpaceX (aerospace): 75x returns
  • Anispear (cursor developer): 15,000x returns
  • Robinhood (U.S. fintech platform): 8x returns
  • Anthropic (AI/Claude developer): 165x returns

User Losses and Valuation Context

Park noted that user losses from the FTX collapse reached approximately $8 billion (about 11.86 trillion won), substantially less than the hypothetical investment valuations. However, he emphasized that these current valuations are speculative. Following the bankruptcy protection filing, FTX sold its stakes in these companies at discounted prices to compensate affected users, meaning the estimated investment values represent what-if scenarios rather than realized holdings.

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APeacockSpreadingItsTailLooks
ยท 04-26 22:24
When centralized exchanges have issues, the entire chain collapses, and users can only wait in line as creditors.
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GateUser-78b4adc8
ยท 04-26 10:35
158.796 trillion Korean won sounds frightening, but this valuation is more of a "hypothetical if there had been no explosion" scenario; the core issues remain risk control and misappropriation of funds.
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YieldGoblin
ยท 04-25 20:30
This kind of analysis has limited significance; the key is transparency: where are the assets, how much are the liabilities, and can they be withdrawn at any time.
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APuppyInTheWarmSun
ยท 04-24 10:09
Just because it hasn't gone bankrupt doesn't mean it can be redeemed; book value and liquidity are two different things.
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GateUser-f4fbd803
ยท 04-24 05:42
This counts as a hindsight-style wealth list.
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BreadthHunter
ยท 04-24 05:38
So don't put all your assets in CEX; diversification and self-custody are the real principles.
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ybaser
ยท 04-24 05:35
To The Moon ๐ŸŒ•
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ExitLiquidityPoet
ยท 04-24 05:24
If it really doesn't collapse, it might just be storing up a bigger storm, and it will eventually have to pay.
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TwoFactorZen
ยท 04-24 05:21
Using these kinds of numbers for clickbait is quite fitting, but for victims, it's even more heartbreaking: where the money went is the real focus.
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AirdropTaxPanic
ยท 04-24 05:18
After the FTX incident, those who still blindly trust "top-tier exchanges" really need to improve their risk awareness.
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