Dear Community,



We want to strongly state that the allegations of token movement from our Foundation account, made by a FUD account against Matic team are completely baseless. Even Binance confirmed it:

Our team is still investigating the data, but it's already clear that the MATIC team has nothing to do with it. A number of big traders panicked, causing a cycle. Going to be a tough call on how much an exchange should interfere with people's trading. https://t.co/wOVF6tEBkQ — CZ Binance (@cz_binance) December 10, 2019

We already announced that there will be a release of ~2.5% (248mn) tokens as communicated in our post which coincides with the net outward movement.

Blog: https://blog.matic.network/october-2019-token-unlock-100-foundation-tokens-to-be-used-for-staking-activities/

Telegram: https://t.me/maticnetwork_announcements/601

List of all outward Token movements.

Aggregated outward movement ~2.7%

The foundation’s tokens are still here: https://etherscan.io/address/0xB316FA9FA91700D7084D377BFDC81EB9F232F5FF

The tweet that created the FUD was later retracted & an apology was posted by the original account.

I just want to deeply apologise for providing an inaccurate claim, it turns out it was only 381,903,830 $MATIC (3% of the supply) that "seems" has been liquidated, I made a miscalculation and included inputs as well as outputs in my computation. https://t.co/BHFu5GW0A2 pic.twitter.com/9xdoC19Ga6 — Samuel JJ Gosling (@xGozzy) December 10, 2019

I will once more apologise to officially to @maticnetwork and especially @MatiasNisenson for this mishap and to all who I may or may not affected, I will learn from this situation. https://t.co/QSKVh5bq0p — Samuel JJ Gosling (@xGozzy) December 10, 2019

Thanks to the Ethereum community for their continued support & belief!

It's disgraceful that people take random tweets as gospel in an attempt to destroy a project (@maticnetwork in this case).



The actual truth is, in the past 50 days, they have moved ~290,000,000 MATIC to Binance NOT 1,495,322,715. https://t.co/f2Nt3zJZyi — eric.eth (@econoar) December 10, 2019