Compass Investments How Interactive Strength erased a $50M FET token bet

📌 How Interactive Strength erased a $50M FET token bet and sent common shareholders to the back of the line – The original FET-backed notes are gone, while a separate $2 million secured note arrived in July.

Interactive Strength erased a $50M token bet tied to #FET and pushed common shareholders to the back of the line, according to recent restructuring disclosures. The original token-backed notes are gone; a separate $2M secured note was recorded in July, strengthening secured creditors priority and shrinking recovery prospects for equity holders. Token

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Interactive Strength erased a $50M token bet tied to #FET and pushed common shareholders to the back of the line, according to recent restructuring disclosures. The original token-backed notes are gone; a separate $2M secured note was recorded in July, strengthening secured creditors’ priority and shrinking recovery prospects for equity holders.

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