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Movement Labs and its foundation launched a third-party investigation into the market-making deal on April 21, 2025, led by Groom Lake, an independent cybersecurity and intelligence firm
Coinbase announced it plans to suspend trading of the MOVE token, Movement Labs' cryptocurrency, on May 15 due to a failure to meet listing standards
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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