On October 2nd, Plasma founder and CEO Paul Faecks posted on social media that there have been some rumors since the launch of XPL, hoping to clarify the facts:
No team member has ever sold XPL. All investors and teams lock their XPL positions for three years, with a one-year cliff unlock period.
Of the 50-strong team, three have worked at either Blur or Blast, and the team includes members from Google, Facebook, Square, Temasek Holdings, Goldman Sachs and Nuvei. To call the Plasma team "ex-Blast" is to say "ex" to any of these companies.
Plasma has not engaged Wintermute as a market maker and has never entered into any service contract with it. Plasma is consistent with public information about Wintermute's holdings of XPL.
Plasma founder: Team members did not sell any XPL, three of whom worked at Blur/Blast
2025-10-02 01:24:35
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