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Axelar token investors cry foul as Circle’s Interop Labs acquisition cuts them out
Yahoo Finance· 2025-12-16 13:22
Investors in Axelar are seething after stablecoin giant Circle announced it had bought the crypto bridge’s developer on Monday. The reason? The deal acquires Interop Labs, Axelar’s leading developer, but excludes the network itself and the $120 million AXL token that powers it. It comes as a major blow to investors, as many had thrown in their lot with Axelar, assuming that Interop Labs would stick around and continue developing the project. Now they feel betrayed, and dozens have taken to social media ...