Movement Network Foundation: We were unaware of the behavior of a certain market maker and have cut off all ties

Odaily News In response to Binance’s announcement of measures to deal with market violations by the market maker of the Movement (MOVE) project, the Movement Network Foundation issued a statement saying that the Movement Network Foundation and Movement Labs were unaware of this and chose to cooperate with this market maker because they had 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 the ongoing investigation. Throughout the incident, the Movement Network Foundation actively cooperated with Binance and promised to use the funds recovered from MM to repurchase $MOVE on the open market.