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Boba secured a $70 million capital commitment and reached a token transfer agreement with FTX to restore trust.
[Boba Secures $70 Million Capital Commitment and Reaches Token Transfer Agreement with FTX] The Layer2 Blockchain Boba Governance Foundation announced that it has secured a $70 million capital commitment from the Awaken Foundation and LDA Capital to fund the ongoing development and ecosystem expansion of the Boba Network. In addition, the Boba Governance Foundation has signed an agreement with the FTX Recovery Trust, and all BOBA Tokens held by the trust have been transferred to the foundation. The FTX Recovery Trust has also obtained the right to purchase up to approximately 29.4 million BOBA Tokens from the Boba Governance Foundation at a price of $0.09 each over the next 18 months, in addition to other considerations and mutual waivers of claims.