Golem report reassures no ETH dump after $337M transfers

Golem’s latest report explains the transfer of 135,000 ETH to CEXs as part of a staking test to ensure operational security.

Golem, a decentralized computing network, has addressed ongoing community concerns in its recent report following the transfer of over 135,000 Ether (ETH) to centralized exchanges (CEXs).

The Ether, worth around $337 million, was sent to CEXs like Coinbase, Binance and Bitfinex and sparked initial speculation of a large-scale sell-off.

The Sept. 18 Golem report reassured users that the transfer of 135,000 ETH was not for dumping but was instead part of a staking test to ensure operational security and minimize spam interference.

Read more

Golem’s latest report explains the transfer of 135,000 ETH to CEXs as part of a staking test to ensure operational security.
Golem, a decentralized computing network, has addressed ongoing community concerns in its recent report following the transfer of over 135,000 Ether (ETH) to centralized exchanges (CEXs).The Ether, worth around $337 million, was sent to CEXs like Coinbase, Binance and Bitfinex and sparked initial speculation of a large-scale sell-off.The Sept. 18 Golem report reassured users that the transfer of 135,000 ETH was not for dumping but was instead part of a staking test to ensure operational security and minimize spam interference.Read more