Bryan Pellegrino, LayerZero Labs CEO, vigorously disputes FTX’s lawsuit, claiming it lacks evidence.
FTX seeks to recover $21.3 million in cryptocurrency deposits made in 2022, withdrawn 90 days before its bankruptcy. The suit also targets LayerZero’s former COO, Ari Litan, and subsidiary Skip & Goose.
Pellegrino clarified that LayerZero’s actions didn’t imply prior knowledge of FTX’s insolvency. The Web3 startup, valued at $3 billion, remains committed to a fair court resolution.
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