The debtors of the now-defunct cryptocurrency exchange FTX have agreed to a deal that involves the sale of its preferred stock in Mysten Labs,  the firm behind Sui blockchain.

In a March 22 court filing in United States Bankruptcy Court in the District of Delaware, FTX debtors planned to sell roughly $95 million worth of preferred stock back to Mysten in addition to $1 million in SUI tokens.

Just a few months prior to the collapse of Sam Bankman-Fried's empire, FTX Ventures had invested $101 million in Mysten Labs.

“After thoroughly evaluating alternatives with the assistance of PWP, the Debtors determined that it was in the best interest of their estates and their constituents to proceed with [Mysten Labs, Inc.] and work toward executing a mutually agreeable transaction, with the expectation that the Debtors will continue marketing the Interests and confirming that no higher and better offer exists over the course of the coming weeks,” said the filing.