FTX debtors conform to $95M sale of stake in Mysten Labs

The debtors for defunct crypto alternate FTX have accredited an settlement that will promote its most well-liked inventory in Mysten Labs, the corporate behind the Sui blockchain.

In a March 22 submitting in United States Chapter Court docket within the District of Delaware, FTX debtors proposed a deal by which Mysten Labs and the corporate would conform to a mutual launch of claims. As a part of the settlement, the debtors deliberate to promote roughly $95 million value of most well-liked inventory again to Mysten along with $1 million in SUI tokens.

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