May 4 (Cointime) - The collapsed crypto exchange FTX has sold warrants for 884 million SUI tokens and preferred stock for less than $100 million,  according to the trader and analyst of the crypto market under the pseudonym “Googly”.   

The paper valuation for the tokens is $1 billion, and the value of the preferred stock needs to be added on top. While it's unclear what discount Simple Agreement for Future Tokens (SAFT) normally trade at, the deal is being hailed as "pretty incredible" by experts.

However, It is worth noting that the value of the tokens and preferred stock can only be realized if FTX relaunches.