Plasma co-founder denies selling team's XPL allocation

Plasma co-founder Paul Faecks has refuted rumors of a team token sale, stating that no XPL allocated to the team or its investors has been sold. He clarified that these holdings are subject to a three-year lock-up with a one-year cliff. Faecks also addressed the team's composition, noting that it is inappropriate to label them as being from Blast, as only three of the 50 team members have previously worked at Blur or Blast. He further added that Plasma has no affiliation with Wintermute and holds no non-public information regarding XPL holdings.