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Cryptopolitan 2023-09-11 08:40:11

FTX sues LayerZero Labs in a bid to recover $21 million amid bankruptcy

Bankrupt cryptocurrency exchange FTX has filed a lawsuit against LayerZero Labs, a cross-chain protocol company, seeking to recover $21 million. The lawsuit alleges that LayerZero Labs illegally withdrew these funds just before FTX’s bankruptcy declaration in November. The case stems from transactions between Alameda Ventures, the venture capital arm of FTX’s sister company Alameda Research, ... Read more

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