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

Bryan Pellegrino, CEO of cross-chain interoperability protocol LayerZero, posted on social media that after more than two years and spending millions of dollars in legal fees, we have reached a settlement agreement with FTX estate. Ultimately, we decided that this was not a confrontation between us and FTX, although we felt completely justified in doing so, but a confrontation between us and the creditors. The original repurchase funds have been returned to FTX estate. We are happy to no longer have frequent conversations with lawyers and can focus all our energy on building.