MATIC Issues Will Dump In Binance, Polygon Founder Opens Voice

Polygon MATIC crypto assets. (Photo; Doc. Coinculture)

JAKARTA - Sandeep Nailwal, founder of Polygon (MATIC), responded to a controversial report on the sale of MATIC digital assets in Binance worth nearly $5.9 million.

Through uploads on social media platforms, Nailwal emphasized that the previous report regarding crypto asset supporters who sent MATIC to Binance was based on inaccurate volume. He also reminded to be careful in spreading information that could cause FUD (fear, uncertainty, doubt) in the community.

In the same week, Lookonchain, a blockchain data tracker, reported that two addresses allegedly linked to the Polygon Foundation had deposited MATIC worth IDR 90.5 billion in Binance in the past 30 days.

Polygon Labs Chief Executive Marc Boiron responded and clarified that Lookonchain had labeled the wallet wrong, and not a Polygon Foundation wallet.

However, this debate continued when blockchain research firm Nansen stated that the addresses were indeed linked to the Polygon Foundation based on previous transaction evidence.

They confirmed that the reason they labeled such labels was because there was a strong relationship with various individuals and entities within the Polygon Foundation. However, they also noted that the label had been removed after clarification from Marc Boiron.