Franklin Templeton-Backed Bitcoin Project Bitlayer Crashes 78% Amid Rug Pull Allegations

The post Franklin Templeton-Backed Bitcoin Project Bitlayer Crashes 78% Amid Rug Pull Allegations appeared first on Coinpedia Fintech News Bitlayer (BTR), a Bitcoin Layer 2 project built on BitVM, has seen a nearly 78% drop over the past 24 hours, now trading around $0.041. The project, backed by investors such as Polychain, Franklin Templeton, and Framework Ventures, with roughly $25 million in funding, is now facing sudden selling pressure. Despite the sharp decline, trading …