Movement Labs postpones MoveDrop plan due to market anomalies and attacks

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PANews
05-01
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PANews reports on May 1st that Movement Labs announced the postponement of the MoveDrop plan due to abnormal market makers, governance changes, and a significant Sybil attack on MoveDrop. The team has successfully recovered a large number of tokens obtained through the Sybil attack and plans to redistribute these tokens to the ecosystem and community rewards after MoveDrop. To prevent similar incidents from happening again, the foundation is implementing governance changes and will update relevant information in a timely manner.

Previously, Movement: 740 million MOVE tokens have been transferred to the foundation address for MoveDrop preparation.

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