Movement Labs was revealed to have secretly promised to provide up to 10% of the token shares to two advisors

Odaily News Leaked internal documents from Movement Labs, a Trump-backed crypto startup, show that it had signed memoranda with two consultants promising to grant them up to 10% of the total supply of MOVE tokens. These agreements were not disclosed to investors or the public. One of the consultants, who was internally referred to as a "shadow co-founder," is currently seeking legal means to cash out tokens worth more than $50 million.

Movement Labs said the agreements were non-binding, but the incident exacerbated the company's previous controversy over a market manipulation scandal and led to a public split between the co-founders. (CoinDesk)