# FTX Bankruptcy Liquidators Disposed of Cursor Stake for $200k, Now Worth Billions

*Author: Jack Inabinet*
*Published: Apr 22, 2026*
*Source: https://www.bankless.com/read/news/ftx-bankruptcy-liquidators-disposed-of-cursor-stake-for-200k-now-worth-billions*

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Ahead of what is being hyped as the largest initial public offering (IPO) of all time, Elon Musk's "SpaceXAI" has [acquired](https://x.com/SpaceX/status/2046713419978453374) the rights to acquire AI startup Cursor later this year for $60B, or pay $10B for a joint coding collaboration.

### What's the Scoop?
- **Bankruptcy Bungle:** Via subsidiary Alamada Research, FTX – the insolvent crypto exchange formerly operated [convicted](https://www.justice.gov/archives/opa/pr/samuel-bankman-fried-sentenced-25-years-his-orchestration-multiple-fraudulent-schemes) fraudster Sam Bankman Fried – misappropriated $400k of customer funds to [purchase](https://www.crunchbase.com/funding_round/anysphere-pre-seed--daf0b858) a ~5% equity stake in Cursor parent company Anysphere during the company's pre-seed round in April 2022. One year later, bankruptcy liquidators [disposed](https://www.tbstat.com/wp/uploads/2025/05/d55b755b-5ef1-4e08-bf12-1043e4487746.pdf) of Alameda's stake at a 50% loss for $200k to unspecified buyers. If completed, SpaceXAI's purchase option for the AI firm would value the investment in the billions, equating to a massive loss for creditors.

> NEWS: [@FTX_Official](https://twitter.com/FTX_Official?ref_src=twsrc%5Etfw) liquidators sold Alameda’s ~5% stake in Cursor developer Anysphere for $200K during bankruptcy at its 2022 pre-seed price.With SpaceX reportedly offering $60B, that stake could have been worth billions. [pic.twitter.com/c2uqq31X9C](https://t.co/c2uqq31X9C)— SolanaFloor (@SolanaFloor) [April 22, 2026](https://twitter.com/SolanaFloor/status/2046841510596165796?ref_src=twsrc%5Etfw)
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