Hermez Network deposits 4.5 million MATIC into crypto investment platform SwissBorg

Odaily reported that according to Spot On Chain monitoring, Hermez Network canceled the pledge 2 hours ago and deposited 4.5 million MATIC ($3.81 million) into the encryption investment platform SwissBorg due to the Polygon Foundations concerns about the transparency of token distribution. The open source ZK Rollup network Hermez Network was acquired by Polygon for US$250 million in 2021, and Hermez Network still holds at least 39.92 million MATIC (US$34 million).