Fact-check findings

No source the reviewer could reach confirms or contradicts the claim.

1. #9[unverifiable][awaiting moderator]in section: Token performance, TVL and fees

   “A Revolut page reports an all-time high on 28 September 2024 and an all-time low on 6 June 2026, with circulating supply of about 1.20 billion against a 5 billion maximum.”

   reviewerA Revolut page reports an ATH on 28 Sept 2024 and ATL on 6 June 2026; supply ~1.20B vs 5B max. Timeline: ATH 2024-09.Attributed to a single volatile retail page; no independent confirmation obtained.
   citedwww.revolut.com/en-DK/crypto/price/aleo/?amount=25
2. #10[unverifiable][awaiting moderator]in section: Token performance, TVL and fees

   “DefiLlama's Aleo chain page showed a token price of about $0.017, a market cap of about $22.4M and an FDV of about $34.9M (capture date not shown).”

   reviewerDefiLlama showed price ~$0.017, market cap ~$22.4M, FDV ~$34.9M and TVL $0; BingX ~ $0.01 / $21.9M; iO Charts -91.8% one-year and TVL $0.Live market data fetch was blocked and the page itself concedes no capture date. The numbers are plausible but not verified. The page appropriately hedges these.
   citeddefillama.com/chain/aleobingx.com/ja/price/aleoiocharts.io/fr/crypto/aleo
3. #11[unverifiable][awaiting moderator]in the summary

   “Available market data show a very low token price and market cap relative to its 2024 peak, and negligible tracked DeFi TVL.”

   reviewerSummary: very low token price and market cap relative to 2024 peak, negligible tracked DeFi TVL.Depends on the market-data snapshots above, which could not be re-fetched. Direction is consistent with the page's cited figures.
   citeddefillama.com/chain/aleo
4. #12[unverifiable][awaiting moderator]in section: Shutdown rumour status

   “Searches for Aleo shutdown, wind-down or layoffs in 2026 returned no news reports or official announcements of any such event.”

   reviewerSearches found no news of shutdown, wind-down or layoffs; aggregators list ~146-150 employees.A negative search claim, not independently re-run in depth; page words it carefully ('absence of evidence is not proof'). Employee count not re-checked.
   citedapi.trueup.io/co/aleo
5. #13[unverifiable][awaiting moderator]in the timeline

   “Social post circulates listing Aleo among possible wind-down candidates; unverified.”

   reviewerTimeline: social post in 2026-10 circulates listing Aleo as a wind-down candidate; source_url points to DefiLlama.The event is from requester context and the DefiLlama source_url does not document a social post. Flagged as a citation mismatch; the entry is already labelled unverified.
   citeddefillama.com/chain/aleo
6. #14[unverifiable][awaiting moderator]in section: Team, funding and recent activity

   “including a private stablecoin payroll product with Toku and Paxos Labs (January 2026) and a reported Utila partnership (July 2026)”

   reviewerPrivate stablecoin payroll product with Toku and Paxos Labs (Jan 2026) and a reported Utila partnership (July 2026).Not verified in this review; cited generically to the Aleo resources page.
   citedaleo.org/resources/

A cited source no longer resolves or no longer says what the page attributes to it.

1. #15[link rot][awaiting moderator]in the cited sources

   “https://web.archive.org/web/20261008194707/https://forklog.com/en/aztec-raises-100-million-series-b-led-by-andreessen-horowitz-and-other-investors/”

   reviewerForklog archive snapshot recorded for the cited article is actually of a different article (Aztec raises $100 million Series B).The stored archive_url points to an unrelated Aztec article, so the archive does not support the Aleo claims. The correct snapshot exists.
   Proposed correction (not yet applied)

   http://web.archive.org/web/20261008194653/https://forklog.com/en/privacy-focused-aleo-project-raises-200-million/
   citedforklog.com/en/privacy-focused-aleo-proj…ses-200-million/

The cited evidence supports part of the claim but not all of it.

1. #2[partially supported][awaiting moderator]in section: Team, funding and recent activity

   “Aleo raised a $28M Series A in April 2021 (investors reportedly including a16z, Coinbase Ventures, Galaxy Digital, Polychain Capital)”

   reviewerAleo raised a $28M round in April 2021 with a16z, Coinbase Ventures, Galaxy Digital, Polychain Capital reportedly among investors; labelled Series A.Amount, date and investors are supported. The Series A label comes from aggregators, not the cited article. Other sources differ on the lead (a16z vs Placeholder).
   citedforklog.com/en/privacy-focused-aleo-proj…ses-200-million/
2. #3[partially supported][awaiting moderator]in the timeline

   “Aleo reported raising a $28M Series A.”

   reviewerTimeline: Aleo reported raising a $28M Series A in 2021-04, sourced to the Forklog article.Hedged with 'reported'. Amount and date hold.
   citedforklog.com/en/privacy-focused-aleo-proj…ses-200-million/
3. #5[partially supported][awaiting moderator]in the summary

   “backed by about $228M in disclosed venture funding”

   reviewerAleo is backed by about $228M in disclosed venture funding.$28M + $200M = $228M is consistent with the two disclosed rounds, but aggregator totals vary and the page's own body mentions a further $21M entry. The figure is not cited.
4. #8[partially supported][awaiting moderator]in the timeline

   “ALEO reported all-time low; Kraken migrated its ALEO listing from BNB Chain to the native network (June 22-26).”

   reviewerTimeline: ALEO all-time low and Kraken migration in June 2026 (June 22-26), sourced to Kraken support.Kraken source covers the migration but not the 6 June 2026 all-time low, which rests on the Revolut page that I could not fetch to verify.
   citedsupport.kraken.com/articles/aleo-migration

The cited evidence supports the claim as written.

1. #1[confirmed][no action needed]in section: Team, funding and recent activity

   “a $200M Series B announced on 2022-02-07, led by SoftBank Vision Fund 2 and Kora Management, with Tiger Global, Sea Capital, a16z, Slow Ventures and Samsung participating”

   reviewerAleo raised a $200M Series B announced 2022-02-07 led by SoftBank Vision Fund 2 and Kora Management, with Tiger Global, Sea Capital, a16z, Slow Ventures and Samsung participating.Matches Forklog and other coverage (Blofin, Clay).
   citedforklog.com/en/privacy-focused-aleo-proj…ses-200-million/
2. #4[confirmed][no action needed]in the timeline

   “Aleo announced a $200M Series B led by SoftBank Vision Fund 2 and Kora Management.”

   reviewerTimeline: Series B announced 2022-02-07.Confirmed.
   citedforklog.com/en/privacy-focused-aleo-proj…ses-200-million/
3. #6[confirmed][no action needed]in the summary

   “Aleo is a privacy-focused layer-1 blockchain using zero-knowledge proofs, developed by Aleo Systems Inc.”

   reviewerAleo's Series A in 2021 and Series B in 2022 (summary sentence); privacy-focused layer-1 using zero-knowledge proofs developed by Aleo Systems Inc.Well-known descriptive fact, consistent with coverage.
4. #7[confirmed][no action needed]in section: Shutdown rumour status

   “In late June 2026 Kraken migrated its ALEO listing from BNB Chain to Aleo's native network, which indicates ongoing exchange support of the native chain.”

   reviewerKraken migrated its ALEO listing from BNB Chain to Aleo's native network in late June 2026.Dates match. The inference about 'ongoing exchange support' is mild interpretation.
   citedsupport.kraken.com/articles/aleo-migration