FTX's bankruptcy estate has taken legal action against LayerZero Labs, the development firm behind a cross-chain swap protocol, in a bid to reverse a series of financial transactions conducted by FTX's former management shortly before the exchange filed for bankruptcy. The lawsuit centers around a transaction involving former Alameda Research CEO Caroline Ellison and LayerZero Labs, which took place just four days prior to FTX's bankruptcy filing....
FTX Estate Takes Legal Action Against LayerZero Labs to Recover $86 Million
Crypto News - 11 Sep 2023 20:07
FTX's bankruptcy estate has taken legal action against LayerZero Labs, the development firm behind a cross-chain swap protocol, in a bid to reverse a series of financial transactions conducted by FTX's former management shortly before the exchange filed for bankruptcy. The lawsuit centers around a transaction involving former Alameda Research CEO Caroline Ellison and LayerZero Labs, which took place just four days prior to FTX's bankruptcy filing....
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