Blockchain company accused Polygon team of suspicious transfers

According to blockchain activity tracking company ChainArgos, several suspicious transfers were made from Polygon wallets to exchanges.

This led researchers to believe that the Polygon team did not follow through with its original token distribution plan.

According to analysts, there is a “vesting contract” that mechanically unblocks all flows. They exist separately from the foundation contract that administers the fund and appropriations. ChainArgos highlighted discrepancies in the outflow of funds under contracts.

In addition, researchers discovered suspicious movements in a wallet that received about 340 million MATIC from the fund. It is also noted that another 130 million MATIC was received from the insider wallet to the same wallet. According to ChainArgos, the largest withdrawal identified was from a wallet associated with Plasma-Bridge, as well as two other anonymous wallets.

ChainArgos noted that another 178 million MATIC were sent from one of the untagged wallets to Binance, with the last transfer taking place on May 23, 2021.

#Matic #MATIC/USDT #Polygon #PolygonPOL #matik

$MATIC