LayerZero CEO: A settlement agreement has been reached with the FTX estate, and the original repurchase amount has been returned to the FTX estate

ChainCatcher news, LayerZero CEO Bryan Pellegrino posted on social media, "After more than two years and millions in legal fees, we have reached a settlement agreement with the FTX estate.

Ultimately, we decided this is not a confrontation between us and FTX, although we felt we had every reason to do so, but rather a confrontation between us and the creditors. The original repurchase amount has been returned to the FTX estate. I'm glad to no longer be frequently on calls with lawyers and can focus all my energy on building."