Coinbase will suspend trading for MOVE on May 15

News story


Description

Coinbase will suspend trading of the MOVE token on May 15, following revelations of a $38M token-dump scheme involving Movement Labs and a market maker tied to both sides of a secretive agreement. The fallout includes an internal probe and scrutiny of Movement’s leadership and advisers.

Maintainers

Kaleidoscopia

Publish date

May 1, 2025

Related people

Rushi Manche

Related projects

Movement
Binance
Coinbase

Related topics

Ethics

Sources

Movement Plunges to All-Time Low After Coinbase Says It Will Delist Ethereum L2 Token
Movement Labs suspends co-founder Rushi Manche following market-making scandal
Movement Labs Suspends Rushi Manche Amid Coinbase Delisting, Token-Dumping Scandal
Movement Token Slumps 14% as Coinbase Suspends Trading
Inside Movement’s Token-Dump Scandal: Secret Contracts, Shadow Advisers and Hidden Middlemen
Coinbase suspends trading for MOVE token
Coinbase to suspend trading for MOVE by May 15

Tags

News story of the day
Week 18 of 2025
05/01/2025