The decentralized computing network Golem clarified that the transfer of 135,000 ETH to centralized exchanges is not for selling, but for staking tests. This batch of ETH is valued at approximately 337 million USD and was sent to exchanges such as Coinbase, Binance, and Bitfinex. In its latest report, Golem stated that the transfer of ETH is to ensure operational security and reduce spam interference. The community has expressed concerns about Golem's lack of transparency.

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Odaily Planet Daily reports that the decentralized computing network Golem has addressed ongoing community concerns following the transfer of over 135,000 ETH to centralized exchanges (CEX). This batch of ETH, valued at approximately $337 million, was sent to centralized exchanges like Coinbase, Binance, and Bitfinex, sparking initial speculation about a large-scale sell-off. In its report on September 18, Golem assured users that the transfer of 135,000 ETH was not intended for sale, but rather for staking tests to ensure operational security and minimize spam interference. The movement of ETH first observed in July caused panic throughout the Golem community, especially after Golem deposited 29,000 ETH into various CEX in July. The fear-induced frustration began to spread across social media platforms such as Discord, leading community members to question the involvement of CEX in the individual staking process. Community members accused the team of being vague and avoiding direct answers regarding the flow of funds, and matters worsened after the Golem team promised to respond later.

In the report, Golem clarified that the movement of ETH was part of their individual staking process to ensure uninterrupted and unimpeded operations throughout the process. The team also noted that using CEX allowed them to establish a "controlled environment" for the process and reduce potential "risks of external trading interference." Despite Golem's assurances in the latest report on September 18, the lack of transparency left a deep impression on the community. An X user concerned about community fears reiterated the clarifications in the report but pointed out that "an honest community could have avoided this situation from the beginning." (Cointelegraph)

Golem Clarifies: The Transfer of 135,000 ETH is Not for Selling, but for Staking Testing