Crypto startup founded by ex-Meta employees raises US$200mil

Meta's abandoned digital currency project, Diem may be getting a second go, with former staff forming a new crypto project that's raised RM839.8mil in funding. — AP Photo/File

Aptos Inc. is the latest crypto effort to spring from the dashed dreams of Diem, the abandoned digital currency project of Meta Platforms Inc.

Founded just four months ago, Aptos on Tuesday said it had raised US$200mil (RM839.8mil) at a valuation of more than US$1bil (RM4.2bil).