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Mysten Labs to Buy Back Equity, Token Warrants From FTX Bankruptcy Estate for $96M

FTX Ventures invested $101 million in Mysten Labs just months before Sam Bankman-Fried’s empire collapsed. Now, Mysten is buying back the stake (and sui token warrants) for $96 million through bankruptcy court.

Updated May 9, 2023, 4:11 a.m. Published Mar 23, 2023, 8:25 p.m.
FTX CEO John J. Ray III (Nathan Howard/Getty Images)
FTX CEO John J. Ray III (Nathan Howard/Getty Images)