Hermez Network deposits 4.5 million MATIC into SwissBorg
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).
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.
You may also like
US equities, bitcoin par losses while yields rise on deficit fears
A downgrade from Moody’s had US Treasury yields on the rise, but history says the volatility should be short-lived
Bitcoin Traders Turn Profitable: Are They Overlooking Key Red Flags?
Despite Profitable Returns, Falling On-Chain Activity Threatens Long-Term Bitcoin Trading Sustainability

Vitalik Buterin Proposes Ethereum Node History Limit
CME Launches XRP Futures on May 19, 2025
Trending news
MoreCrypto prices
More








