Polygon

<ul class="news-points"> 
 <li>Lookonchain claims that Polygon has been involved in a massive transfer of MATIC to Binance.</li> 
 <li>Polygon executives Sandeep Nailwal and Marc Boiron dismiss the charges, claiming that the wallets do not belong to the company.</li> 
 <li>Lookonchain clarifies that the data was collected from the on-chain analytics tool Nansen.</li> 
</ul> 
Sandeep Nailwal, the co-founder of the <a href="https://coinedition.com/polygon-cdk-unlocks-automatic-access-to-ethereums-liquidity/">Polygon</a> Foundation, has denied allegations that wallets linked to the foundation were involved in a recent dump of MATIC on Binance. Nailwal’s denial came in response to a post on X by on-chain analytics platform, Lookonchain, showing that a wallet allegedly connected to Polygon had recently sold $3.35 million worth of MATIC on Binance, creating FUD (fear, uncertainty, and doubt) in the community. 
Earlier today, Nailwal took to X (Twitter) to dismiss Lookonchain’s report, asserting that the findings were “incorrect”. He claimed that this is not the first time Lookonchain has been guilty of sharing inaccurate information with its followers. Requesting the platform be vigilant to avoid any further unecessary FUD, Nailwal asked Lookonchain to be “careful about these tweets”. 
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The post <a rel="nofollow" href="https://coinedition.com/polygon-rebuts-allegations-of-involvement-in-matic-crash/">Polygon Rebuts Allegations of Involvement in MATIC Crash</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Polygon Rebuts Allegations of Involvement in MATIC Crash

Coin Edition

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