FTX filed a lawsuit against LayerZero Labs and its former COO, seeking to recover more than $41 million in funds

Odaily News FTX creditor @sunil_trades posted on the X platform that according to a lawsuit document, FTX has filed a recovery lawsuit against LayerZero Labs and other related parties. Allegedly, just before FTX shut down and banned withdrawals, LayerZero used inside information to illegally withdraw $21.37 million in funds from FTX. In addition, FTX also seeks to recover approximately US$13.07 million and US$6.65 million from Ari Litan, the former chief operating officer of LayerZero Labs, and its Skip Goose subsidiary. It was reported in November last year that LayerZero had reached an agreement with FTX, FTX Ventures and Alameda Research for a complete equity acquisition; it also purchased locked STG tokens from Alameda’s community auction; LayerZero said it currently has approximately US$107 million. Direct cash balance and $27 million in on-chain funds (~90% stablecoins), totaling $134 million.