Movement Labs came under scrutiny after a CoinDesk report revealed a market-making deal that triggered a $38M selloff of MOVE tokens following the cryptocurrency’s debut

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Movement Labs is investigating whether it was misled into signing a market-making agreement that granted an obscure middleman control over 66 million MOVE tokens, triggering a $38 million selloff after the token’s debut.
The move comes days after CoinDesk reported on Movement's internal investigation into market-making deals that experts say incentivized price manipulation of the token.