FTX, the Bankrupt Crypto Exchange, Sues LayerZero Labs to Reverse $45 Million Deal

The newly appointed management team of FTX, the cryptocurrency exchange planning to reopen amidst bankruptcy, has filed a lawsuit against LayerZero Labs, a blockchain infrastructure company, to reverse a $45 million deal made in the midst of bankruptcy. The crypto exchange also requested the return of over $40 million withdrawn from LayerZero Labs and the former COO’s FTX accounts within the 90 days prior to the bankruptcy.

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