LayerZero CEO Slams FTX Suit as Effort to Chase More Legal Fees

• FTX has sued LayerZero in its latest effort to recoup funds.
• LayerZero CEO Bryan Pellegrino has expressed readiness to fight the case, casting doubt on the intentions of the exchange.
• The LayerZero chief's statements drew further attention to the cost of FTX's bankruptcy process.

FTX's stunning collapse in November 2022 sent ripples through the finance world, with investors and millions of customers left holding the bag. As part of efforts to make creditors whole, restructuring officers are on a quest to recoup funds paid to celebrities, brands, and partners in the days leading up to the exchange's collapse.

However, FTX's most recent target, LayerZero Labs, a blockchain protocol-building firm with...

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