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Hermez Network deposits 4.5 million MATIC into SwissBorg

Hermez Network deposits 4.5 million MATIC into SwissBorg

CointimeCointime2024/01/16 10:10
By:Cointime

According to Spot On Chain monitoring, Hermez Network canceled its pledge 2 hours ago and deposited 4.5 million MATIC (3.81 million USD) into SwissBorg due to concerns from the Polygon Foundation about token distribution transparency. Polygon acquired the open-source ZK Rollup for 250 million USD in 2021, and Hermez Network still holds at least 39.92 million MATIC (34 million USD).

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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