Golem explains the transfer of 13.5 ETH to CEX: for staking testing, not for sale

ChainCatcher news, the decentralized computing network Golem recently released a report in response to community concerns about its transfer of over 135,000 Ether (worth approximately $337 million) to centralized exchanges. Golem stated that these fund transfers were not intended for selling, but rather for staking tests to ensure operational security and minimize interference from spam transactions.

In July of this year, Golem deposited 29,000 ETH into several exchanges, causing panic in the community. Subsequently, the Golem team promised to address the concerns later, but they delayed in providing an explanation, leading to increased dissatisfaction within the community. In the report on September 18, Golem explained that using centralized exchanges could create a "controlled environment" for the staking process, reducing the risk of external trading interference. Despite Golem's explanation, the previous lack of transparency has left a negative impression in the community.