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

by Aurelia Butler 23 March 2023, 20:20 99 Views

In a March 22 filing in United States Bankruptcy Court in the District of Delaware, FTX debtors proposed a deal in which Mysten Labs and the company would agree to a mutual release of claims. As part of the agreement, the debtors planned to sell roughly $95 million worth of preferred stock back to Mysten in addition to $1 million in SUI tokens.

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Source: Cryptocurrency - investing.com

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

N.J. deli stock fraud defendant behind bars as feds reveal he renounced U.S. citizenship

Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger

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