The 0G Foundation accused Bitget of using its tokens to launch a Launchpool and airdrop campaign without authorization. Bitget claimed that there was a misunderstanding in previous communication.

PANews reported on September 26th that the 0G Foundation issued a statement accusing its partner Bitget of unilaterally using allocated tokens to launch a Launchpool and airdrop campaign, violating the original agreement. The 90-day staking campaign was reduced to a three-day Launchpool. Its legal counsel, Fenwick & West, has issued a legal demand letter to Bitget, demanding that Bitget cease the unauthorized use of its name or tokens for airdrop and Launchpool promotions, repurchase all 0G tokens transferred to the airdrop/Launchpool campaign, and redeploy them strictly in accordance with the original staking agreement, or provide an equivalent cash value.

Bitget responded to this by stating that there was a misunderstanding in previous discussions. The company shared a marketing plan for an airdrop event, where users could lock BGB and 0G tokens in a staking pool. At the time, they received no explicit objections, only a note indicating that this was a staking activity. Bitget interpreted this as a discrepancy in wording, and since Launchpool is essentially a form of staking, they proceeded with the event as planned. They also shared the information with the 0G team before the official Launchpool announcement and received no feedback suggesting the event should not proceed.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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