FTX has lost it; Suing LayerZero Labs and requesting paid promotion money back from athletes


Imagine destroying your credibility for money and then the failed 💩show ran by Scam Bankrupt Fraud comes a knocking to get it all back. I guess this is how deals with the devil turn out.😂

I wasn't even aware these people did this or that anyone would think it's a logical mix because who in the world would take financial advice or recommendations on the exchange itself from an athlete? I mean, I know it's more of a spotlighting thing, like being seen with the cool kids in school in hopes it will raise your own stock, but apparently it worked for FTX because the list is rather long: "Bankrupt crypto exchange FTX is probing if it can reclaim the millions of dollars paid to celebrity athletes and sports teams that promoted the exchange before it filed for bankruptcy last November....The list includes $750,000 made to former basketball pro Shaquille O’Neal, over $300,000 to Tennis pro Naomi Osaka, over $270,000 to former baseball star David Ortiz and over $200,000 to American football quarterback Trevor Lawrence...Also included are nearly $420,000 made to pro basketball team the Golden State Warriors and over $250,000 in various payments to Miami Heat."

Here's the full list:

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In which one can immediately notice certain promotions are left out.

If only FTX kept all that money in, you know, the actual assets they pretended to have. But who cares because this is the thing farmers and airdrop hunters are worried about:

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So FTX claims the 21 million to LayerZero was "illegally" withdrawn from the exchange's assets, but accordion to LayerZero the lawsuit is "filled with unsubstantiated claims" and that they themselves must know this and thus have ulterior motives for filing it.

"Pellegrino also disputed the claim of preferential information around the withdrawals. He pointed out that this claim can be easily proven false. He mentioned that he was personally depositing millions in the month leading up to bankruptcy, including $1 million as late as November 7th....FTX is also seeking to recover $13.07 million from Ari Litan, LayerZero’s former COO, and $6.65 million from a subsidiary, Skip & Goose. The lawsuit claims that LayerZero staff, their families, and even their dogs were hosted by FTX in the Bahamas for several months, indicating close ties between the two firms."

As if the recent rumors there might not be an airdrop but ZRO token sale weren't worrying enough. But then again, maybe this is one of those rare occasions rumors were not entirely baseless.🤔

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Geo-Political & Economical developments
Geo-Political & Economical developments

Things are almost never as they seem. If you sincerely think that world powers would spend their money and resources in order to just "help" citizens from foreign nations, you might want to ask yourself why they've been neglecting and out right murdering their own citizens for decades. What are their true motives for wanting to fund foreign (terror) groups, start global confrontations and wars? I'll let you in on a little secret; It has NOTHING to do with "human rights" nor "democracy".

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