Sui development team
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Sui development team will repurchase equity and token warrants from FTX assets for $96 million
According to court documents, the Sui development team Mysten Labs reached an agreement with the FTX bankruptcy estate on Wednesday to purchase FTX’s equity investment in Mysten Labs and sui token warrants for $96.3 million in cash. Interpretation of this information: The message conveyed here is that the Sui development team Mysten Labs has come to an agreement with the FTX bankruptcy estate to purchase FTX’s equity investment and sui token warrants for a $96.3 million price in cash. The context behind the message appears to be regarding the financial…
