CoinDesk retracts its previous report about Standard Money's funding news. The company had announced completing an $8 million strategic funding round led by YZi Labs, with Gate io, Crypto com, and Animoca Brands participating. However, three of these companies have denied involvement, and Crypto com has not responded to a request for comment. Standard Money, formerly known as Tranching Protocol, participated in Binance Labs' incubation program in 2021.