The movement laboratories are investigating the transfer of the distinguished symbol market maker

The movement laboratories and the movement network institution have launched an official internal investigation into the miscarriage of the surrounding market maker with the original distinctive symbol, Move.

This is followed by allegations that rocked the project credibility and shook the investor’s confidence.

The movement laboratories launch an investigation into the transfer of the distinctive symbol

The investigation, which is being conducted with the support of a third -party review, follows the latest Binance decision to ban a market maker whose name is not associated with Move.

Beincrypto reported the accident, citing Bouncens, discovering that the market maker had quietly threw 66 million distinct symbols of $ 38 million after a period of its inclusion.

The repercussions sparked a sharp sale, which prompted the price of Move to less than $ 0.30, which represents its lowest level of the distinctive symbol.

According to what was reported, Movement Labs released Slack Slacks on Tuesday stating that it was “underway from recent events.”

Moreover, he made it clear that the movement network institution had assigned a review of an external authority to explore the error that occurred.

“These are the best standard practices to ensure complete transparency and accountability” I mentionedQuoting a spokesman for refusing to speculate on possible results or penalties.

The investigation of the temporary vacation of the founder of the interim movement movement of Rushi Manche, which confirmed the sources during an internal meeting all hand on Monday. While Manch was noticeably absent from a recent company in San Francisco, he opposed reports of his departure.

“It is still a lot of movement. He said On x, refute the extended leave claims.

Manch also responded to speculation about his position on the recession, saying that he was still active and participated in the calls of the weekly ecosystems. It seems that his mutual profile, which the sources said had been temporarily canceled at the end of last week, was re -reclaimed it on Monday evening.

Despite confusion, co -founder Cuper Sanwalon continues to lead operational matters, assuring employees and society that the operations are normal.

With the erosion of Move price bleeding and community erosion, the movement laboratories face a crossroads. The third -party investigation may help rebuild confidence, but questions about internal controls remain, examine liquidity partner, and the future of the ecosystems.

Binance and Web3Port campaign

Although Binance did not mention the entity, the investigator of the Zachxbt series referred to as possible Relations To web3port. The company had previously interacted with social media and community channels at Movement Labs.

This issue adds to an increasing list of doubtful practices that include market makers in Crypto, which raises concerns about interior privileges, symbolic dumping, and unknown interests.

Beincrypto recently analYzed if the market makers create the chaos of encryption. The report highlighted how the lack of transparency and organizational supervision allows some market makers to exploit their roles, often at the expense of retailers.

Moreover, Binance recently banned other market makers due to misconduct related to GPS and Shell. As it happened, it is claimed that one of the entity behind these violations is working using Shell companies, hiding its participation in multiple suspicious lists. This also reflects the extent of the case.