PANews reported on February 12 that, according to on-chain analyst Yu Jin, after LayerZero planned to launch its own L1 public chain Zero, Alameda Research's bankruptcy liquidation address exchanged 129 million STG (12.9% of the total STG supply) for 11.142 million ZRO (US$24.29 million) two hours ago.
- Alameda Research is an investment arm of Stargate (STG), which is acquired through investment vesting.
- In August 2025, Stargate was acquired by LayerZero for $110 million. STG holders can exchange STG for ZRO at a fixed ratio of 1 STG = 0.08634 ZRO.
