Login
Sign Up
Woofun AI reports that Nansen CEO Alex Svanevik highlighted the significant asset restructuring that would have occurred had Binance founder CZ completed the acquisition of FTX. According to Svanevik, the transaction would have resulted in indirect holdings of approximately 8% in Anthropic and 5% in the AI programming tool Cursor, alongside certain investment rights related to SpaceX.
CZ initially disclosed the intention to acquire FTX in November 2022 but subsequently announced the abandonment of the deal. This decision followed the discovery of issues during due diligence that were deemed beyond control, leading FTX to file for bankruptcy protection shortly thereafter.