Mysten Labs repurchased equity and token warrants from FTX for $96.3 million

ChainCatcher news, according to court documents, the team behind Sui, Mysten Labs, reached an agreement with FTX on Wednesday to purchase FTX's equity investment in Mysten Labs and SUI token warrants for $96.3 million in cash.

It is reported that in August 2022, FTX Ventures led a $2 billion Series B funding round for Mysten Labs, shortly before FTX filed for bankruptcy in November. According to court documents, the company invested $101 million in that funding round, acquiring approximately 570,000 shares of preferred stock in Mysten Labs and warrants to purchase up to about 890 million SUI tokens. FTX paid approximately $101 million for the equity and an additional $1 million for the token warrants. (source link)