ChainCatcher Message, the Bitcoin staking protocol Babylon recently stated on platform X that they were not aware of receiving a $5.3 million investment from BingX Labs. This statement has sparked widespread attention in the community.🤔

Previously, BingX's innovation department BingX Labs announced a strategic partnership with Babylon, planning to invest in Babylon through its $100 million ecosystem fund. This collaboration is seen as a significant initiative to enhance security, accessibility, and innovation in the blockchain space.

Despite the inconsistency in information from both parties, this incident once again emphasizes the importance of transparent communication in the rapidly evolving cryptocurrency industry. 📈🔍