PANews reported on January 31 that according to The Block, LayerZero Labs reached a settlement agreement with FTX's bankrupt assets, ending a two-year legal dispute. Previously, FTX's asset party accused LayerZero of reaching a "fraudulent transaction" with Alameda Research in 2023, that is, a few days before FTX's bankruptcy, Alameda sold back its 5% equity (worth $150 million at the time of the lawsuit) to LayerZero on the condition of canceling a $45 million loan. Another transaction involving 100 million Stargate tokens (with an initial cost of $25 million and a repurchase price of $10 million) was not completed. LayerZero co-founder Bryan Pellegrino said that the original equity repurchase funds had been returned to the FTX asset party, and that "after the settlement, we can focus on technology development."