just read that LayerZero Labs finally settled with the FTX bankruptcy estate after dragging on for like two years. so basically FTX's liquidators were claiming Alameda pulled a sketchy move selling back LayerZero's 5% stake right before the collapse, but they've now agreed to return the $150 million and cancel the $45 million loan. co-founder Bryan Pellegrino mentioned they got their funds back and can now focus on tech instead of legal battles. the whole Stargate token thing (100M tokens) didn't go through though. wild how these mega-bankruptcies create such messy tangles with other projects

ZRO1.86%
STG-4.05%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin