LayerZero CEO: A settlement has been reached with FTX estate, and the original repurchase funds have been returned to FTX estate.
Bryan Pellegrino, CEO of LayerZero, a cross-chain interoperability agreement, said in a social media post that after more than two years and millions in legal fees, we have reached a settlement agreement with FTX estate.
Ultimately, we decided that this was not a confrontation between us and FTX, although we felt we had every reason to do so, but a confrontation between us and our creditors. The original repurchase money has been returned to FTX estate. It is nice to stop talking to lawyers frequently and can focus all our energy on construction.