Movement: Noticing reports related to the improper market-making protocol causing the dumping of 66 million Tokens, we are conducting a thorough review.
BlockBeats news, on April 30th, Movement Labs stated that they have noted reports regarding “the improper signing of market-making protocols resulting in the intermediary Rentech gaining control of 66 million MOVE Tokens.” Movement Labs and the Movement Network Foundation have commissioned the third-party encryption asset intelligence agency Groom Lake to conduct a thorough review of the anomalies in market makers. Groom Lake’s review is still ongoing, and once all details are grasped, the investigation results will be shared. Governance reforms will be made based on the review results.
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Movement: Noticing reports related to the improper market-making protocol causing the dumping of 66 million Tokens, we are conducting a thorough review.
BlockBeats news, on April 30th, Movement Labs stated that they have noted reports regarding “the improper signing of market-making protocols resulting in the intermediary Rentech gaining control of 66 million MOVE Tokens.” Movement Labs and the Movement Network Foundation have commissioned the third-party encryption asset intelligence agency Groom Lake to conduct a thorough review of the anomalies in market makers. Groom Lake’s review is still ongoing, and once all details are grasped, the investigation results will be shared. Governance reforms will be made based on the review results.