Crypto Startup Apologizes for Using Polymarket to Bet on Fundraising, Catching Backers Off Guard
Published on April 1, 2026.
Crypto startup P2P.me, backed by Coinbase Ventures and Multicoin Capital, has apologized for using Polymarket to speculate on its fundraising round, causing confusion and hurting trust. The company made less than $15,000 in profits but acknowledged the negative impact of its actions. The apology comes as Magic Eden Wallet users are urged to export assets before the app is removed from stores. Peken Global Limited, the operator of KuCoin, has been permanently barred from allowing US participants access to its subsidiary, XRP. The Lido DAO is considering a buyback proposal to address the plummeting price of its token, LDO, which hit an all-time high. The proposed U.S. crypto legislation could take over a decade to implement.
Read Original Article