Movement co-founder "suspended his position", foundation launches market makers' abnormal investigation
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2025-04-16 07:01 3,377
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According to Golden Finance, Movement Labs co-founder Rushi Manche has "temporarily resigned" due to project controversy. Previously, Binance suspended its partnership due to market makers' "manipulation" and the market makers dumped approximately US$38 million of MOVE tokens and only placed a small amount of paying orders. Movement Network Foundation has launched a third-party investigation to review these “market maker anomalies.” The foundation has stated that it was not known before and announced the repurchase of USDT of 38 million to supplement ecological liquidity.