Controversy Surrounding Alleged Crypto Wallet Linked to Polygon Foundation on Binance Raises Questions of Mislabelling
Summary:
Lookonchain flags crypto wallet allegedly connected to Polygon Foundation for transferring large amounts of Matic tokens on Binance. Polygon Labs CEO disputes the claim, citing mislabelling, while Nansen removes the label after Nailwal refutes the link publicly.
Lookonchain, a blockchain analytic firm, raised concerns about a crypto wallet on Binance that was allegedly linked to the Polygon Foundation. The wallet was found to have transferred a significant amount of Matic tokens. However, Sandeep Nailwal, the founder of Polygon Labs, refuted these claims, stating that it was a case of mislabelling and that the wallet did not belong to the Polygon Foundation. Nailwal emphasized the importance of accurate labeling to avoid unnecessary panic within the community.
Published At
9/7/2023 11:58:17 AM
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