I noticed something interesting about the frozen wealth of the bankrupt platform founder. If the assets hadn't been seized, the early investments he made would have totaled over $80 billion — a truly massive figure.

The most astonishing part is his stake in Anthropic. When he invested $5 billion in the AI company, no one expected this stake to be worth around $70 billion with the rapid explosion of the generative AI industry. This was a very successful investment — if it hadn't been frozen.

Regarding SOL, he bought about $60 million worth when the price was around just $8. At its all-time high, this position was valued at approximately $2.1 billion. Now, SOL is trading around $84 — still a strong investment if he had held onto it.

Also, he injected $100 million into Mysten Labs, which develops Sui, and now this stake is valued at over $800 million. Not bad growth.

In traditional markets, he owned about 7.5% of Robinhood, currently valued at around $10 billion. But all of this disappeared when FTX collapsed in 2022.

What’s striking is that SBF’s failure wasn’t due to poor investment choices — most of his investments were very successful. The real problem was the complete lack of risk management and compliance. He used customer funds to support high-risk trades and personal investments. This isn’t a failure of investment vision, but a failure in governance and ethics.