ChainCatcher news, the Bitcoin staking protocol Babylon stated on platform X that it was unaware of receiving a $5.3 million investment from BingX Labs.

ChainCatcher previously reported, according to Be In Crypto, that BingX's innovation department BingX Labs announced a strategic partnership with the Bitcoin staking protocol Babylon, investing $5.3 million in the Babylon project from its $100 million ecosystem fund. BingX Labs stated that its support for Babylon is a key step in unlocking higher security, accessibility, and innovation in the blockchain field.