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FTX had 890m Sui tokens not 1.6bn
Current value = $3.6bn
This is from the court documents from SBF lawyers
Huge loss but any analysis should be accurate
17.7. klo 02.03
Did you know SBF got the rights to 888 million $SUI tokens for just $1 million?
It was a side-deal to a larger $101M investment, all confirmed in court docs.
Fast forward to today: $SUI is trading at ~$4.04 per token. That side position alone would be worth $3.59 BILLION.
But it gets crazier.
FTX's total $SUI haul with incentives from its larger $101M investment was reportedly ~1.6 BILLION tokens, a stash worth $6.46 BILLION.
Plot twist: The estate sold the entire potential position back to Sui's founders for just $96M
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