PANews reported on January 31 that Bryan Pellegrino, CEO of the cross-chain interoperability protocol LayerZero, posted on the X platform, "After more than two years and millions in legal fees, we have reached a settlement with FTX estate. In the end, we decided that this was not a confrontation between us and FTX, although we felt that we had every reason to do so, but a confrontation between us and our creditors. The original repurchase funds have been returned to FTX estate. I am glad that I no longer have to talk to lawyers frequently and can focus all my energy on construction."