FTX sues LayerZero Labs, seeks to recover over $21M moved prior to bankruptcy By Cointelegraph
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© Reuters.
Bankrupt crypto exchange FTX has filed a lawsuit against cross-chain protocol LayerZero Labs, seeking to recover $21 million in funds that were allegedly illegally withdrawn prior to FTX’s shutdown in November.
The case traces back to transactions made from January to May 2022 between Alameda Ventures — the venture capital arm of Alameda Research, FTX’s sister company — and LayerZero.
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© Reuters.
Bankrupt crypto exchange FTX has filed a lawsuit against cross-chain protocol LayerZero Labs, seeking to recover $21 million in funds that were allegedly illegally withdrawn prior to FTX’s shutdown in November.
The case traces back to transactions made from January to May 2022 between Alameda Ventures — the venture capital arm of Alameda Research, FTX’s sister company — and LayerZero.
Continue Reading on Coin Telegraph
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