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πππ ππππππ πππππ ππππ: $ππππ H/T https://lnkd.in/gSpBgUts Imagine if Sam Bankman-Fried hadn't done anything illegal, and hadn't been forced to declare bankruptcy: his portfolio today would be worth about ~$114B. In 2022, #FTX collapsed, and #SBF signed over operational control of the FTX Group (including Alameda Research, Clifton Bay Investments, and over 130 affiliated entities) to veteran restructuring CEO John J. Ray III. Under 11 U.S.C. Β§ 541, the moment voluntary Chapter 11 petitions were filed in the U.S. Bankruptcy Court for the District of Delaware, all assets held by those entities automatically became property of the FTX Bankruptcy Estate. SBF lost all legal authority to buy, sell, vote, or hold those positions. Ray and the other receivers liquidated a number of investments, promptly to make whole SBF's investors ... which they did. In fact, investors got back about 118% of their investments, from sales of shares of Anthropic, SpaceX, some Solana, BT