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Polygon co-founder steps down, will be 'cheering from the sidelines'

cryptoweekly by cryptoweekly
May 24, 2025
in bitcoin, News
0

Fellow Polygon co-founder Sandeep Nailwal said that Bjelic has always been “a force behind so much of what makes Polygon what it is today.”

Mihailo Bjelic, co-founder of Ethereum layer-2 scaling solution Polygon, has stepped down from his role at Polygon but suggests he will stay active in the crypto industry in some capacity.

His resignation drew reactions across Polygon and the wider crypto community, with several seeing it as a loss for Polygon, which has been tied to several major developments in recent months.

“After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs,” Bjelic said in a May 23 X post.

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Recent Posts
  • Bitcoin eyes $105K pre-FOMC as Trump reveals Iran asked for dialogue
  • The empire strikes out: Institutionalists failed to kill the stablecoin bill
  • Pi Network migration problems: Users report KYC, 2FA and balance errors
  • Bitcoin’s invisible tug-of-war between suits and cypherpunks
  • Senate passes GENIUS stablecoin bill amid concerns over systemic risk
  • Circle’s USDC to become eligible collateral for US futures trading
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