Polygon faces ‘Big L’ as co-founder Mihailo Bjelic steps down

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 significant 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.

Read more