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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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LayerZero CEO: has reached a settlement with FTX estate protocol, and the original repurchase funds have been returned to FTX estate
BlockBeats News, on January 31st, Bryan Pellegrino, CEO of LayerZero, a Cross-Chain Interaction protocol, posted on social media that 'after more than two years and spending millions of legal fees, we have reached a settlement protocol with FTX estate. In the end, we decided that this was not a confrontation between us and FTX, although we feel justified in doing so, but a confrontation between us and the creditors. The original repurchase funds have been returned to FTX estate. We are pleased to no longer have frequent conversations with lawyers and can focus all our energy on building.'