The founder of the Ethereum (ETH) layer-2 scaling solution Polygon (MATIC) is responding to allegations that the Polygon Foundation deposited nearly $6 million worth of the digital asset on Binance.
In a new thread on the social media platform X, Polyon founder Sandeep Nailwal says that previous reports about the crypto asset’s backer dumping MATIC on the world’s largest crypto exchange platform by volume were incorrectly labeled.
According to Nailwal, this isn’t the first time Lookonchain has mislabeled one of their wallets.
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“One more time, incorrect labeling, Lookonchain. This is the second time this has happened. Please be careful about these tweets, creates unnecessary FUDs (fear, uncertainty, and doubt) for the community.”
Earlier this week, blockchain data tracker Lookonchain reported that two addresses allegedly linked
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