FTX-Backed Crypto Unicorn LayerZero Purchased Out Stake

by Jeremy

LayerZero at present has about $107 million in direct money steadiness and $27 million in on-chain funds primarily in stablecoins for a complete of $134 million. An extra $11.5 million was on FTX and used operationally, however LayerZero stated it’s treating this as $0 for “the sake of sanity” and expects that a few of that cash might be recoverable.

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