Movement Network Foundation: For market makers who are unaware and have severed all relationships, the recovered funds will be used to repurchase MOVE

金色财经
金色财经|Mar 25, 2025 07:14
According to a report by Golden Finance, in response to Binance's announcement of measures to deal with market violations by market makers in the Movement (MOVE) project, the Movement Network Foundation stated in a statement that they were not aware of this and chose to cooperate with the market maker because they had already supported projects in the Movement ecosystem. They have now severed all relationships with the market maker (including ecosystem partnerships) and contacted other major exchanges to inform them of their ongoing investigations. Throughout the incident, the Movement Network Foundation actively cooperated with Binance and promised to use funds recovered from MM to repurchase MOVE in the open market.
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