Binance, the crypto exchange, later banned the market-making account for “misconduct,” and Movement announced a token buyback plan.
Quote
Sources
Inside Movement’s Token-Dump Scandal: Secret Contracts, Shadow Advisers and Hidden Middlemen
Referenced by
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.
Crypto news
Claim