The settlement involved a significant fund dispute, where FTX sought the recovery of over 21 million USD. LayerZero plans to return the repurchased funds to the FTX bankruptcy estate, marking a pivotal moment for the company as it moves forward without legal hindrances.
The positive market response is evident as the ZRO token experiences a notable increase in value, reflecting investor optimism. With a clear focus on development, LayerZero aims to strengthen its position in blockchain interoperability.
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