Movement Labs delays MoveDrop plan due to market anomalies and attacks

PANews
PANews|May 01, 2025 03:46
Movement Labs announced that the MoveDrop program will be postponed due to abnormal market makers, governance changes, and a major witch attack on MoveDrop. The team has successfully retrieved a large number of tokens obtained from witch attacks and plans to redistribute these tokens to the ecosystem and community rewards after MoveDrop. To prevent similar incidents from happening again, the foundation is implementing governance changes and will update relevant information in a timely manner. Previously, Movement: 740 million MOVEs have been transferred to the foundation address for MoveDrop preparation work.
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