Before CoreWeave imploded, its three co-founders had been busy dumping stock, a lot of it, totaling $3.3 billion since the company’s March 2025 IPO. The AI cloud provider rents access to Nvidia-powered data centers that fuel the AI circular financing scheme. Its unsecured bonds due in 2032 have crossed into distressed territory, and its five-year CDS spreads have blown out as debt levels at hyperscalers and neocloud providers come into question.

Michael Intrator, Brian Venturo and Brannin McBee sold $2.4 billion this year alone, according to Bloomberg’s new report on corporate filings.

https://www.zerohedge.com/markets/coreweave-founders-cashed-out-33-billion-meltdown