Odaily Planet Daily News FTX creditor @sunil_trades posted on the X platform that according to a lawsuit document, FTX has filed a recovery lawsuit against LayerZero Labs and other related parties. Allegedly, just before FTX shut down and banned withdrawals, LayerZero used inside information to illegally withdraw $21.37 million in funds from FTX.
In addition, FTX also seeks to recover approximately US$13.07 million and US$6.65 million from Ari Litan, the former chief operating officer of LayerZero Labs, and its Skip & Goose subsidiary.
It was reported in November last year that LayerZero had reached an agreement with FTX, FTX Ventures and Alameda Research for a complete equity acquisition; it also purchased locked STG tokens from Alameda’s community auction; LayerZero said it currently has approximately US$107 million. Direct cash balance and $27 million in on-chain funds (~90% stablecoins), totaling $134 million.