Sui development company Mysten Labs paid $96 million to repurchase its equity held by FTX and the right to purchase SUI tokens. Evan Cheng, co-founder and CEO of Mysten Labs, said that part of this repurchase comes from the Series B financing in September 2022 and is part of FTX's bankruptcy proceedings. Foresight News previously reported that Mysten Labs would buy back FTX from bankrupt cryptocurrency exchange FTX for approximately $95 million, according to a proposed deal disclosed in U.S. Bankruptcy Court in Wilmington, Delaware. Mysten Labs preferred stock and SUI token subscription rights.