FTT coins, the same coins that entitled owners to a third of FTX’s annual profits, initially fetched roughly .5 cents per coin. Wrapped in the latter, along with the recent private valuation of Anthropic at $1 trillion, is puzzlement about Sam Bankman-Fried’s (SBF) present incarceration.
SBF was of course convicted for having stolen $8 billion from customers, but the direction of FTT coins after their initial issuance in 2019, along with once again the present valuation of Anthropic calls the conviction into question. To see why, consider the historical price action of FTT coins.
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