FTX sells shares in Mysten Labs: report

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Gestern gaben Anwälte der FTX Group ihre Absicht bekannt, sich außergerichtlich mit Modulo Capital zu einigen, eine Maßnahme, die die Bücher der VC-Firmen effektiv um etwa 99 % löschte. Mysten nimmt es in Schritt In einem weiteren Versuch, so viele Mittel wie möglich aufzubringen, hat FTX heute seine Absicht dargelegt, seine Beteiligung an Mysten Labs an Mysten zurückzuverkaufen. Im Gegensatz zu Modulo – einem Unternehmen, dessen Kapital anscheinend fast vollständig aus FTX stammt – ist Mysten Labs, die Schöpfer der Sui-Blockchain, ein solides Unternehmen, dessen Finanzierungsrunde im vergangenen Jahr eine Bewertung von 2 Milliarden US-Dollar erreichte. Die fragliche Finanzierungsrunde wurde …
Yesterday, lawyers of the FTX Group announced their intention to agree with Modulo Capital out of court, a measure that effectively deleted the books of the VC companies by around 99 %. In a further attempt to raise as many means as possible, FTX has explained his intention to resell his participation in mysten Labs to mysten. In contrast to Modulo-a company whose capital apparently comes from FTX-Mysten Labs, the creators of the Sui-Blockchain, is a solid company whose financing round reached an assessment of $ 2 billion in the past year. The financing round in question was ... (Symbolbild/KNAT)

Yesterday, lawyers of the FTX Group announced their intention to agree with Modulo Capital out of court, a measure that effectively deleted the books of the VC companies by about 99 %.

mysten takes it in step

In another attempt to raise as many means as possible, FTX today has set out his intention to resell his participation in mysten Labs to mysten.

In contrast to Modulo-a company whose capital apparently comes from FTX-Mysten Labs, the creators of the Sui-Blockchain, is a solid company whose financing round achieved an assessment of $ 2 billion.

The financing round in question was actually cited by FTX. However, the failed stock exchange was not the only big supporter: A16Z, Binance Labs, Franklin Templeton, Circle Ventures, Coinbase Ventures and many other well -known companies also invested considerable sums in Mysten Labs.

According to Reuters, FTX bought SUI tokens worth $ 1 million at the time and the company's preferred shares worth around $ 101 million.

mysten agrees to buy stocks back

Legally, a recently bankrupt company can try to reclaim funds for up to one year.

However,

mysten has agreed to an out-of-court settlement and is ready to buy both its shares and its SUI tokens back, although sold at a somewhat lower price than originally sold.

"" The debtors carefully considered and analyzed the offer presented in the agreement compared to its other options and have come to the conclusion that a sale of the shares will lead to a maximum value for the shares and is in the best interest of the assets of the debtor and the creditor. Plus 100 % of the amount that the sellers paid for the SUI-token-Warrants. ”

The proposal is now presented to a judge for further approval. Until then, other investors can also offer FTX's shares at Mysten Labs.

If the deal is approved, the FTX Group will have recovered over two Clawback deals over half a billion dollars of funds who may find their way back to concerned customers of the bankruptcy crypto exchange.

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