您现在的位置是:FTX sues to recover $21 million from LayerZero Labs >>正文
FTX sues to recover $21 million from LayerZero Labs
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛96161人已围观
简介The lawsuit focuses on a deal allowing Alameda Research to sell back a 5% stake in LayerZero.The law...
- The lawsuit focuses on a deal allowing Alameda Research to sell back a 5% stake in LayerZero.
- The lawsuit also draws attention to an unfinished deal involving 100 million STG tokens, which LayerZero pledged to buy back at a $10 million discount.
- Pellegrino, the CEO of LayerZero, thinks the action is intended to drag out the court case in order to rack up more legal bills.
In an effort to recoup $21 million, the bankrupt cryptocurrency exchange FTX has filed a lawsuit against LayerZero Labs, a business that develops cross-chain protocols.
According to the lawsuit, LayerZero Labs withdrew these monies in violation of the law just before FTX filed for bankruptcy in November 2022. The transactions were between LayerZero Labs and Alameda Ventures, the venture capital division of FTX’s sibling business Alameda Research and they occurred between January and May 2022.
LayerZero Labs objects to the accusation
In response to the lawsuit, LayerZero Labs CEO Bryan Pellegrino said on X (formerly Twitter) that the lawsuit is full of unsupported assertions.
Regarding the FTX suit, the entire suit is filled with unsubstantiated claims. We have been in communication with the FTX liquidators for almost a year now and have time and time again attempted to proactively address the issue of ownership of the shares with them and have been…
— Bryan Pellegrino (@PrimordialAA) September 11, 2023
Additionally, according to Pellegrino, LayerZero Labs has been attempting to discuss the matter of share ownership with FTX’s liquidators for almost a year but has received no response. Pellegrino thinks the action is intended to drag out the court case in order to rack up more legal bills.
The complaint is centred on an arrangement that permitted Alameda Research to resell a 5% share in LayerZero, worth $150 million, in return for LayerZero forgiving a $45 million debt.
The lawsuit also draws attention to an unfinished deal involving 100 million STG tokens, which LayerZero pledged to buy back at a $10 million discount but never did. In order to negotiate a fire-sale transaction within 24 hours, LayerZero allegedly took advantage of Alameda Ventures during a liquidity crisis, according to FTX.
Pellegrino refuted the assertion of preferential information regarding the withdrawals in his statement on X. He emphasized that it would be simple to refute this assertion. In the month preceding bankruptcy, he disclosed that he had personally deposited millions of dollars, including $1 million as recently as November 7.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/7567.html
相关文章
1xBit accepts Cosmos (ATOM) for payments
FTX sues to recover $21 million from LayerZero LabsTouted as one of the fastest growing crypto betting platforms in this era, 1xBitstays consistent in...
阅读更多
ChainPort launches permissionless porting to Dogechain
FTX sues to recover $21 million from LayerZero LabsChainPort has become the first cross-chain bridge to support permissionless token porting to Dogecha...
阅读更多
Watch these levels as TRX forms a descending triangle
FTX sues to recover $21 million from LayerZero LabsTRX is up 1.08% in the past day and 4.6% in the past weekTron is the most decentralized network with...
阅读更多
热门文章
- Morse Micro and Zetifi reshape smart farming connectivity
- Cardano ecosystem tokens you should not miss: API3, LINK and COTI
- Minesto's Biggest tidal kite Dragon 12 ready to power homes
- CRO token down 12% after Crypto.com reduces rewards on Visa Cards
- Japan to dispatch solar
- Waves protocol's TVL has grown past $2 billion after a slow February
最新文章
Ethereum Classic (ETC) Hashrate surges ahead of Ethereum Merge
Bitcoin is trading above $20k once again after rallying by 7% today
Highlights: Cryptos in the red, Moonbeam slides 16%
BlackRock CEO confirms the firm has looked at crypto for clients
Here's where to buy Loom Network (LOOM) token after price rises 181% in two days
Nexo commits another $50 million towards NEXO buyback plan