Boba Network Secures $70M Commitment as Foundation Finalizes BOBA Token Deal with FTX Recovery Trust
Boba Network just locked in a massive vote of confidence—$70 million committed as its foundation closes a pivotal BOBA token agreement with the FTX Recovery Trust. Talk about turning lemons into leveraged liquidity.
Deal dynamics decoded
The Layer-2 scaling solution's native token gets fresh institutional backing from what remains of Sam Bankman-Fried's crypto carcass. Ironic? Sure. Strategic? Absolutely. The trust's asset dump becomes Boba's treasure.
Why this matters
While other chains beg for scraps, Boba Network just secured a war chest from one of crypto's most infamous collapse stories. The ultimate 'proof of work'? Turning bankruptcy proceedings into bullish momentum. Just don't ask how many retail investors got rekt to make this happen.
