Boba Network Secures $70M Lifeline as Foundation Seals BOBA Token Deal with FTX Recovery Trust

Boba Network just got a $70 million vote of confidence—and a second chance at redemption.

The Layer-2 scaling solution finalized a landmark agreement with the FTX Recovery Trust, locking in crucial funding to fuel its next evolution. No funny money here—just cold, hard commitment to keep the chain alive.

Behind the deal: A strategic token agreement that swaps BOBA for survival. The foundation’s move signals both desperation and cunning—typical crypto chess played with bankruptcy leftovers.

Why it matters: Liquidity is oxygen in DeFi. This cash infusion lets Boba bypass the graveyard where other FTX-collateralized projects rot. Now comes the hard part: proving it wasn’t just a $70M band-aid on a bullet wound.

One cynical footnote: Nothing unites rivals like a common enemy—in this case, FTX’s corpse still writing checks. Ah, the poetry of crypto’s perpetual rebuild.