Following the controversy, the Movement Network Foundation said it would use those funds to facilitate a buyback program
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Movement Plunges to All-Time Low After Coinbase Says It Will Delist Ethereum L2 Token
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Binance banned Web3Port, the market maker involved in the MOVE token launch, after it liquidated $38M worth of tokens in December 2024. The profits were frozen for user compensation, and the Movement Foundation launched a buyback plan with plans to use those funds.
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