Institutional fallout and reactions

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Coinbase switched trading mode for MOVE, the cryptocurrency developed by Movement Labs, to limit-only, restricting execution to set prices, before announcing the suspension
Rushi Manche, co-founder of Movement Labs, circulated the Rentech contract internally in late March 2025 and was placed on administrative leave in April following scrutiny of his involvement
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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