Polygon (POL)

avoid.net/polygon-pol→52/100·82% conf.

[AI-DRAFTED · AWAITING VERIFICATION][src:claude-code-investigator]

52/100

[CAUTIONARY]82% conf.

Summary

Polygon (formerly MATIC) is a Layer-2/sidechain scaling solution for Ethereum that completed its MATIC-to-POL token migration in September 2024. The SEC named MATIC as an alleged unregistered security in the June 2023 Binance lawsuit. Two major vulnerabilities were caught by Immunefi bounty hunters ($850M and $24B at risk respectively). Three of four co-founders departed within 24 months. Three rounds of layoffs occurred between 2023-2026. zkEVM was deprecated in June 2025 citing $1M annual operating loss.

Have evidence about Polygon (POL)?

Timeline(12 events)

2019-04-01

MATIC IEO on Binance raises $5M

2021-10-01

Plasma Bridge double-spend vulnerability ($850M at risk) caught and patched

2021-12-01

MRC20 genesis contract flaw ($24B at risk) patched; ~$1.8M stolen

2023-02-01

First layoff round: ~100 staff

2023-03-27

zkEVM mainnet beta launches; Vitalik processes first transaction

2023-06-05

SEC names MATIC as alleged unregistered security in Binance lawsuit

2023-10-04

Co-founder Jaynti Kanani steps down

2024-02-01

Second layoff round: 60 staff (19%)

2024-09-04

MATIC-to-POL migration completes at 1:1 ratio

polygon.technology

2025-05-24

Co-founder Mihailo Bjelic exits citing vision divergence

2025-06-01

Nailwal depreciates zkEVM citing $1M annual operating loss

2026-01-16

Third layoff round: ~60 staff post-acquisition

Provenance & Audit Trail

src:claude-code-investigator

This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

full audit log →version history →

model: claude-code-investigator

generated: 5/13/2026, 3:54:12 AM

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