LayerZero CEO: A settlement agreement has been reached with FTX estate

Odaily News Bryan Pellegrino, CEO of cross-chain interoperability protocol LayerZero, posted on social media, “After more than two years and millions in legal fees, we have reached a settlement with FTX estate. In the end, we decided that this was not a confrontation between us and FTX, although we felt that we had every reason to do so, but a confrontation between us and our creditors. The original repurchase funds have been returned to FTX estate. I am glad that I no longer have to talk to lawyers frequently and can focus all my energy on construction.”