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Polygon (POL)

avoid.net/polygon-pol→44/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:claude-code-investigator]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·EJ1VwE…cGPD

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.

Connected Entities

5 entities · 60 linked investigations
Organizations
□Polygon54□Ethereum□Vitalik Buterin□Binance□Polygon (POL)
Relationships
  • Polygon (POL)→mentioned with→Polygon(80%)
  • Polygon (POL)→mentioned with→Ethereum(60%)
  • Polygon (POL)→mentioned with→Binance(70%)
  • Binance→mentioned with→Ethereum(65%)
  • Ethereum→mentioned with→Vitalik Buterin(80%)
  • Polygon (POL)→mentioned with→Vitalik Buterin(80%)
  • Vitalik Buterin→mentioned with→Ethereum(65%)
  • Polygon→mentioned with→Ethereum(70%)
  • Polygon→mentioned with→Binance(70%)
Also appears in
Polygon·54StableMagnet·2Shibarium·28JUDAO·18Shibarium Bridge·32Andean Medjedovic·2Ionic Money·14Allo Protocol·57AnubisDAO·2SushiSwap RouteProcessor Exploit·54+ 50 more
Have evidence about Polygon (POL)?

Timeline(12 events)

April 2019

MATIC IEO on Binance raises $5M

sec.gov

October 2021

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

immunefi.com

December 2021

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

decrypt.co

February 2023

First layoff round: ~100 staff

coindesk.com

27 March 2023

zkEVM mainnet beta launches; Vitalik processes first transaction

coindesk.com

5 June 2023

SEC names MATIC as alleged unregistered security in Binance lawsuit

sec.gov

4 October 2023

Co-founder Jaynti Kanani steps down

coindesk.com

February 2024

Second layoff round: 60 staff (19%)

techcrunch.com

4 September 2024

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

polygon.technology

24 May 2025

Co-founder Mihailo Bjelic exits citing vision divergence

coindesk.com

June 2025

Nailwal depreciates zkEVM citing $1M annual operating loss

polygon forum

16 January 2026

Third layoff round: ~60 staff post-acquisition

coindesk.com
Provenance & Audit Trail
Anchored on SolanaVerify on-chain9 Wayback Archivessrc:claude-code-investigator

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 9 of 10 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-code-investigator

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

last updated: 7/25/2026, 10:30:01 AM

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