Polygon Foundation denies MATIC dump on Binance, claims wallets were mislabeled
Nansen, who was responsible for labelling these wallets, claimed that these addresses showed strong links to Polygon, however it removed the label after Polygon CEO’s public refute. Blockchain analytic firm Lookonchain flagged a crypto wallet allegedly belonging to Polygon Foundation that transferred large amounts of Matic tokens on Binance. Polygon Labs founder Sandeep Nailwal refuted the claim and said it was a case of mislabeling and the wallet doesn’t belong to Polygon Foundation. One more time, incorrect labelling @lookonchain. This is the second time this has happened. Plz be careful about these tweets , creates unnecessary FUDs for the community https://t.co/mVpaIYB9Xt — Sandeep Nailwal | sandeep. polygon (@sandeepnailwal) September 7, 2023 Lookonchain flagged two wallets "Polygon Foundation: 0x8d36" and "Polygon Foundation: 0xf957" that collectively deposited over $5.5 million worth of MATIC onto Binance over the past 30 days with more than half of the ...