What’s Next for Aptos and Mysten; CeFi Beats DeFi in Filling FTX Hole

It’s hard to write about much in crypto right now without mentioning FTX. In just three years, the exchange spread influence—and money—far and wide. And its sudden implosion has created a massive vacuum. 

I reported on Tuesday about how FTX Ventures’ role as a significant player in crypto investments leaves its portfolio companies in limbo. Aptos Labs and Mysten Labs, two of its most highly valued investments, could receive interest from other investors as part of FTX bankruptcy sales, but their valuations might look too inflated with FTX out of the picture. Still, FTX will surely try to find a buyer for those stakes, with one of its lawyers suggesting in a hearing last week that it could sell those sooner rather than later, as my story predicted on the day that FTX filed for bankruptcy.