Hermez Network deposited 4.5 million MATIC tokens into the SwissBorg cryptocurrency investment platform.

According to Spot On Chain monitoring on January 16th, Hermez Network cancelled its staking and deposited 4.5 million MATIC ($3.81 million) into the cryptocurrency investment platform SwissBorg due to concerns from the Polygon Foundation about token distribution transparency. Hermez Network, an open-source ZK Rollup network, was acquired by Polygon for $250 million in 2021 and still holds at least 39.92 million MATIC ($34 million).