Interoperability protocol LayerZero Labs announced on Nov.10 an agreement that bought out 100% of FTX Ventures and Alameda Research's equity position, including token warrants and all agreements between the parties. 

In a statement released to investors and published on Twitter, Bryan Pellegrino, Layer Zero CEO, said: "We’ve worked around the clock for the past 72 hours to structure an agreement and have bought FTX/FTX Ventures/Alameda out of 100% of their equity position, token warrants, and any agreement between us." 

In March, the protocol raised $135 million in a funding round co-led by FTX Ventures, bringing the startup valuation to $1 billion. Other investors in the round included Andreessen Horowitz, Sequoia, Coinbase Ventures and PayPal Ventures, among others.