November 8, 2024

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Polygon Foundation denies MATIC dump on Binance, claims wallets were mislabeled

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Polygon Foundation denies MATIC dump on Binance, claims wallets were mislabeled

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.