“MOVEMENT LABS CITES ‘ONGOING EVENTS’ AS The REASON FOR SUSPENSION.”, – WRITE: www.coindesk.com
The Move to Suspend Manche Comes as Coinbase Delisted the Move Token, After Coindesk Reported That Movement Labs Is Investigating How A Market Maker Tied to Web3Port Accu Supply, Triggering A Price Crash.
We Confirm that Rushi Manche have have been suspened from movement labs. This Decision Was Made in Light of Ongoing Events and As The Third-Party Review is Still Being Conducted by Groom Lake Regarding Organization GOVERNANCE AND RECENTS INCIDENTS INVOLVING AMERKER.
– Movement (@MovementLabsxyz) May 2, 2025
Binance Had Previously Banned the Market Maker at the Center of this, Web3Port, from Its Platform.
The Move Token is Down About 20% on the day, accounting to Coindesk Market Data.
X Icon
