How Powerful is Laufey? | MCU Power Scaling
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Laufey was the king of the Frost Giants of Jotunheim, and the biological father of Loki. While attempting to start a second war between Jotunheim and Asgard, Laufey was approached by Loki who offered him a way of murdering the Asgardian King Odin, only for Loki to betray and kill Laufey before attempting to wipe out all of the Frost Giants.
Laufey was the leader of the Frost Giants. Seeking to give his people a new home world, he led his army to Earth where they invaded a small Viking village and used the Casket of Ancient Winters to slaughter the innocent lives there. This attack put Laufey's army in conflict against the Asgardians and their King Odin, with the help of the Eternals, beginning a war. Laufey fought in the front lines of the war, killing the Asgardian Soldiers by freezing them.
Laufey is eventually defeated by Odin
The final battle of the war took place on Jotunheim. Laufey and Odin engaged in a one-on-one battle until the Asgardian King came out victorious and Laufey was forced to surrender. To ensure such a terrible war did not occur again, Laufey and Odin agreed to a peace treaty, where the Frost Giants' power source, the Casket of Ancient Winters, would be taken from them and neither race would attack the other and they could both live peacefully for centuries to come. As the Asgardians left the battle, Odin entered a temple to collect the Casket of Ancient Winters. He also found a child who was Laufey's undersized son, left there to die, so he took him as his own.