Movement: Noting Reports of Improper Market Making Protocol Leading to 66 Million Token Dump, Undergoing Detailed Review

BlockBeats News, April 30th, Movement Labs issued a statement stating that they have noticed the "Improper Signing of Market-Making Agreement Resulting in Intermediary Rentech Gaining Control of 66 Million MOVE Tokens" related report.

Movement Labs and Movement Network Foundation have engaged a third-party crypto asset intelligence agency, Groom Lake, to conduct a thorough review of the market maker's abnormal situation. Groom Lake's review work is still in progress, and once all details are obtained, the investigation results will be shared, and governance reforms will be made based on the review results.