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Cross-chain protocol LayerZero has reached a settlement agreement with the bankrupt FTX estate. LayerZero Labs CEO Bryan Pellegrino confirmed the settlement on X, noting that the agreement cost millions in legal fees.

LayerZero's integration with Cronos (CRO) EVM and zkEVM enables cross-chain bridges with over 115 blockchain networks, enhancing interoperability and liquidity for Cronos users.

LayerZero Labs has reached a settlement with the FTX bankruptcy estate, ending a two-year legal battle over transactions involving Alameda Research. The dispute stemmed from a deal where Alameda, under former CEO Caroline Ellison, agreed to sell a 5% equity stake in LayerZero back to the company.

Cronos, the decentralized blockchain developed by Crypto.com, has integrated interoperability protocol LayerZero, enabling cross-chain communication with over 115 blockchain networks. On Jan.

Whales bought several promising altcoins in January, positioning themselves for potential gains in February 2025. ONDO saw aggressive accumulation as interest in Real-World Assets (RWA) surged, while VIRTUAL attracted buyers despite a sharp correction in the AI sector.

Cronos Labs and LayerZero (ZRO), two blockchain platforms, have announced that the LayerZero cross-chain messaging protocol is now live on Cronos Ethereum (ETH) Virtual Machine (EVM) and Cronos zero-knowledge EVM (zkEVM), as reported to Finbold on January 31.

LayerZero Labs, an innovative player in the omnichain interoperability space, has reached an agreement with the bankruptcy estate of the now-defunct crypto exchange FTX. This resolution marks the end of a two-year legal battle that had been both costly and attention-diverting.

Cronos Labs, the company that manages the Cronos EVM and Cronos zkEVM networks, has just announced a strategic partnership with LayerZero.

After over two years of legal battles and millions in legal fees, LayerZero Labs has reached a settlement agreement with the FTX estate.

January 31, 2025 — LayerZero CEO Bryan Pellegrino took to X on Friday to confirm the settlement agreement with FTX estate. He added that the firm has returned the original repurchase amount to the bankruptcy estate after a two-year legal battle and legal fees worth millions.

In 2023, the FTX estate sued LayerZero to claw back shares Alameda sold in exchange for writing off a $45 million loan.

LayerZero has settled with the defunct crypto exchange FTX, confirmed the chief executive Bryan Pellegrino.

Tether and LayerZero announced on Jan. 16 a joint effort to launch USDT0, a multichain version of the Tether USD (USDT) stablecoin. The Omnichain Fungible Token (OFT) standard, developed by LayerZero, will power the cross-chain transfers.

The incident highlights the vulnerability of cross-chain systems, emphasizing the need for robust security measures to prevent transaction delays. The post LayerZero's Stargate down for 6 hours due to DVN executors malfunction appeared first on Crypto Briefing.

As Bitcoin (BTC) price struggles to reach $100k, the altcoin industry, excluding Ethereum (ETH), has been gaining bullish momentum in the past few weeks. The rise of Ripple Labs-backed XRP to the third most valuable cryptocurrency by market cap has reminded investors of the high volatility in the altcoin space.

Ondo Finance, a tokenized real-world asset platform, has integrated LayerZero's interoperability protocol for multi-chain transfers of its tokenized assets. According to an announcement, Ondo (ONDO) will tap into LayerZero (ZRO)'s technology to expand the reach of its U.S.

Ondo is using LayerZero to make its yield-bearing stablecoin fully fungible across multiple blockchain networks.

LayerZero tests critical resistance at $4.5—will bulls break through or face consolidation?

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.

PayPal's stablecoin, PayPal USD (PYUSD), has now integrated with LayerZero, a cross-blockchain bridging protocol, allowing seamless transfers between Ethereum and Solana.

The PayPal USD (PYUSD) stablecoin now uses LayerZero's Omnichain Fungible Token (OFT) Standard to enable transfers between the blockchain networks Ethereum and Solana. This integration enables fast, secure and cost-effective transactions for both users and businesses, the companies said in a Tuesday (Nov. 12) press release.

PayPal's stablecoin can now be transferred seamlessly between Ethereum and Solana networks, thanks to its integration with LayerZero's cross-chain protocol. The post PayPal Stablecoin Can Now be Transferred to Ethereum and Solana via LayerZero appeared first on Cryptonews.

TL;DR PayPal has integrated its stablecoin, PayPal USD (PYUSD), with the cross-blockchain bridging protocol LayerZero, enabling seamless transfers between Ethereum and Solana. This integration aims to enhance transaction efficiency, reduce liquidity fragmentation, and provide users with faster, more secure, and cost-effective options.

PayPal has integrated LayerZero with its USD stablecoin (PYUSD) for faster transfers between Ethereum and Solana.