Debtors who have reopened the password trading center FTX have already granted an agreement to sell its preferred shares in Mysten Labs, the enterprise behind Sui blockchain technology.

In a document filed with the Delaware Foreign bankruptcy Court on March 22nd, FTX debtors proposed a deal under which Mysten Labs and the company would allow each other to release debt. As part of the contract, the debtor plans to sell back to Mysten about $95 million worth of preferred shares and $1 million in SUI tokens.

The document said: "the bankruptcy representative carefully considered and elaborated the offer promise in the contract, compared it with other options, and concluded that the benefit of the sale may lead to the maximum value of the benefit. and in line with the best interests of the property of the bankruptcy representative and creditors." The purchase price is about 95 per cent of the amount FTX Ventures initially invested in the buyer-themed corporate preferred shares, plus 100 per cent of the amount the seller charged for the SUI warrants.

The transfer still seems to require court approval and the probability that another offer for the stock will be made before it is finally settled. FTX Ventures recovered the shares as part of a $300m financing announced by Mysten in September 2022. The investment in the project was also made before FTX filed for bankruptcy protection in November last year.

Debtors in the FTX bankruptcy still announced on March 22nd that they planned to recover $460 million in client assets from venture capital firm Modulo Capital. According to the document, the Alameda Research Center's investment was carried out with the help of Rob Bankman-Fried, a former CEO of FTX, and embezzled assets. During his tenure as CEO, Bankman-Fried faced a variety of federal court charges related to suspected fraud and pleaded not guilty to all the charges.

Magazines and periodicalsAfter the collapse of FTX, can you trust to log in to the password trading center?