Movement Labs postpones MoveDrop airdrop due to market making anomalies and Sybil attacks

Odaily News Movement Labs announced that it will postpone the originally scheduled MoveDrop airdrop due to market-making mechanism anomalies, the need to adjust the governance structure, and serious Sybil attacks. Officials said that they have successfully recovered some of the abused tokens, which will be reused for community and ecological incentives after the airdrop. At the same time, the foundation will promote governance mechanism reforms to prevent similar situations from happening again. Despite the postponement of the airdrop, the DeFi Spring incentive event will continue as usual. The project party promised to announce the new airdrop arrangement as soon as possible and apologize to users.