Movement Network Foundation: Unaware of the involvement of market makers and has severed all relationships, will use recovered funds to repurchase MOVE
2025-03-25 07:14:56
In response to Binance's release of Movement (MOVE) market maker market violations, the Movement Network Foundation issued a statement saying that the Movement Network Foundation and Movement Labs were unaware of this and chose to cooperate with the market maker because they had already supported projects in the Movement ecosystem. They have now severed all relationships with the market maker (including ecosystem partnerships), and contacted other major exchanges to inform them of the ongoing investigation. Throughout the incident, the Movement Network Foundation has actively cooperated with Binance and committed to using the funds recovered from MM to repurchase $MOVE in the open market.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Movement Network 基金会：对涉及做市商行为毫不知情且已切断所有关系，将使用回收的资金回购 MOVENext article：
币安对 MOVE 异常行为做市商采取措施，已冻结收益用于后续补偿用户
