LayerZero Labs CEO Disputes FTX Lawsuit Allegations as Unsubstantiated
Bryan Pellegrino, co-founder and CEO of LayerZero Labs, has responded to the lawsuit filed by FTX, refuting the claims made by the exchange. In a statement posted on social media, Pellegrino asserted that the entire lawsuit is filled with "unsubstantiated claims." He argued that LayerZero Labs, a ...
SEC Requests Reduced Fine for LBRY Due to Lack of Funds
The U.S. Securities and Exchange Commission (SEC) has asked the court to reduce the fine for decentralized platform LBRY from $22 million to $111,614 because of LBRY's lack of funds. According to a document filed by the agency in the District Court of New Hampshire, the S ...
Bitcoin Miner Riot Platforms Sues Rhodium Enterprises for $26 Million in Unpaid Fees
One of North America's largest bitcoin miners, Riot Platforms, has sued Texas-based rival Rhodium Enterprises, claiming $26 million in unpaid mining fees. According to Riot Platform's first quarter 2023 financial report, Rhodium breached its contract with Riot by failing ...