News/LayerZero Bought FTX, FTX Ventures, Alameda out of 100% of Their Equity Position, Token Warrants

LayerZero Bought FTX, FTX Ventures, Alameda out of 100% of Their Equity Position, Token Warrants

Nov 11,2022,10:38

Bryan Pellegrino, the co-founder of LayerZero, tweeted that LayerZero has bought FTX, FTX Ventures and Alameda out of 100% of their equity position, token warrants, and any all agreements between them.

The Foundation currently have about $107m in direct cash balance, $27m in on-chain funds (about 90% in stablecoins) for a total of $134m.

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