Polygon Founder Responds to Allegation That the Crypto Asset’s Backer Dumped Over $5,900,000 in MATIC on Binance
The founding father of the Ethereum (ETH) layer-2 scaling resolution Polygon (MATIC) is responding to allegations that the Polygon Basis deposited almost $6 million price of the digital asset on Binance.
In a brand new thread on the social media platform X, Polyon founder Sandeep Nailwal says that earlier stories in regards to the crypto asset’s backer dumping MATIC on the world’s largest crypto alternate platform by quantity had been incorrectly labeled.
In line with Nailwal, this isn’t the primary time Lookonchain has mislabeled considered one of their wallets.
“Yet one more time, incorrect labeling, Lookonchain. That is the second time this has occurred. Please watch out about these tweets, creates pointless FUDs (concern, uncertainty, and doubt) for the group.”
Earlier this week, blockchain information tracker Lookonchain reported that two addresses allegedly linked to the Polygon Basis deposited a mixed $5.9 million price of MATIC to Binance over the past 30 days.
Polygon Labs’ chief government Marc Boiron chimed in, additionally saying that Lookonchain made a mistake.
“You’ve got incorrectly labeled this pockets. It isn’t a Polygon Basis pockets.”
Nonetheless, in line with blockchain analysis agency Nansen, the addresses had been linked to the Polygon Basis utilizing information from earlier transactions.
“The proof for each of those addresses exhibits a really robust hyperlink to numerous people and entities of the Polygon Basis and that’s why we had labeled these addresses as a part of the Polygon Basis. As a gesture of goodwill, we have now eliminated the labels as [Marc Boiron], CEO of Polygon Labs, has publicly introduced that the deal with is just not theirs.”
MATIC is buying and selling for $0.556 at time of writing, a fractional enhance over the past 24 hours.
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