Movement co-founder "suspended", foundation launches abnormal investigation of market maker
2025-04-15 22:56:18
Rushi Manche, co-founder of Movement Labs, has "temporarily left" due to the project controversy. Previously, Binance suspended its partnership due to "manipulation" by the market maker, which dumped about $38 million in MOVE tokens and placed only a small order. The Movement Network Foundation has launched a third-party investigation to review these "market maker anomalies". The foundation had said it was unaware of it and announced a repurchase of 38 million USDT to supplement ecological liquidity.
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