Ex-FTX US Head of Partnerships, Sina Nader, Takes on Role as Head of Strategy at Mysten Labs
Sina Nader, the former head of partnerships at FTX US, has joined Mysten Labs as its new head of strategy.
Nader will report directly to Evan Cheng, the CEO and co-founder of the Palo Alto-based Web3 startup, according to a Monday report from Bloomberg.
Cheng, along with other former employees of Meta Platforms (formerly known as Facebook), created Mysten Labs with the vision of making the decentralized web safer and more accessible.
The startup has received significant support from influential backers, including a16z crypto, Apollo, and Coinbase Ventures.
Notably, FTX, the cryptocurrency exchange led by Sam Bankman-Fried, was previously one of Mysten Labs' main investors before encountering its own challenges in 2022.
Before joining Mysten Labs, Nader held key roles in prominent financial and crypto institutions, including brokerage firm Robinhood and global investment firm Morgan Stanley.
He was also successful in his tenure as the head of partnerships at FTX, where he played a pivotal role in driving brand partnerships, including those with celebrities, sports figures, and social media companies.
“They’ve done some amazing work that is ultra scalable and they’re looking at blockchain technology in a different way than most,” Nader said about Mysten.
“In terms of my mandate, it’s going to be bringing to the table all the things I’ve learned thus far since I’ve been in crypto in various shapes or forms since 2013 — but really drawing on my experience at Robinhood and to a certain extent at FTX.”
Nader mentioned that it is important to learn from past experiences and leverage them to contribute positively to the evolving crypto landscape.
The recent appointment of Nader signals a trend among former FTX executives securing
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