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Matter Labs, the team behind layer 2 scaling solution zkSync, has denied that 921 Ether (ETH) worth $1.7 million will be “stuck forever” in one of its new projects.

The statement comes as one zkSync project is currently experiencing issues in transferring the funds that it accumulated during its token sale.

GemstoneIDO is believed to be the project impacted on zkSync. However, Matter Labs has not confirmed this. Source: zkSync Explorer

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