Odaily News: Sui stated in a post that MovEx received locked SUI tokens as compensation for their work on DeepBook. However, MovEx violated the contract by initiating transactions from the wallet. MovEx did not inform Sui Foundation about these transactions, and the Foundation did not agree to them in any way. As per the request of Sui Foundation, MovEx returned the tokens to the main receiving address and then transferred them to a qualified custodian to enforce the contract's lock-up restrictions.



Due to MovEx's breach of contract, Sui Foundation has terminated its partnership with the MovEx team and will not distribute any batch of SUI tokens to MovEx in the future. MovEx will also no longer continue as one of the main contributors to the DeepBook smart contract.



Currently, all other locked tokens are stored in qualified custodial accounts that have agreed to enforce such lock-up provisions.