Movement: We have noticed reports of improper market making agreements leading to the sale of 66 million tokens and are conducting a thorough review

律动BlockBeats|Apr 30, 2025 14:56
BlockBeats News: On April 30th, Movement Labs announced that they have taken note of reports that "improper market making agreements resulted in intermediary Rentech gaining control of 66 million MOVE tokens." Movement Labs and Movement Network Foundation have commissioned third-party cryptocurrency intelligence agency Groom Lake to conduct a detailed review of the abnormal situation of market makers. Groom Lake's review work is still ongoing, and once all details are mastered, the investigation results will be shared. Based on the review results, governance reforms will be made.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink