Movement Labs postpones MoveDrop airdrop

Movement Labs announces that the originally planned MoveDrop airdrop has been postponed due to market-making anomalies, governance structure adjustments, and severe Sybil attacks. The official statement indicates that they have successfully recovered a large number of misused tokens and will redistribute them to the community and ecosystem incentives after the airdrop. The foundation will promote governance reforms to prevent similar incidents from recurring. Despite the delay, the DeFi Spring ecosystem incentive activity will continue. The project team promises to announce the follow-up arrangements for MoveDrop as soon as possible and apologizes to users.