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Movement: Noting Reports of Improper Market Making Protocol Leading to 66 Million Token Dump, Undergoing Detailed Review

5 hours ago

On April 30th, Movement Labs issued a statement indicating that they had become aware of the related report "Improper Signing of Market-Making Agreement Resulting in Intermediary Rentech Gaining Control of 66 Million MOVE Tokens". Movement Labs and the Movement Network Foundation have hired a third-party crypto asset intelligence agency, Groom Lake, to conduct a comprehensive review of the abnormal situation of the market maker. The review work by Groom Lake is still in progress. Once all details are obtained, the investigation results will be shared, and governance reforms will be implemented based on the review results.
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The USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.

On May 1st, as monitored by WhaleAlert, 2 minutes ago, the USDC Treasury on the Solana blockchain minted an extra 2.5 billion USDC.

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Affected by the Coinbase listing, Worldcoin (WLD) surged above $1.15

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