PANews reported on March 25 that the Movement Network Foundation issued a statement saying they received a notification from Binance on March 11 regarding a market maker allegedly engaging in improper operations on multiple tokens, including $MOVE. The market maker sold a large number of tokens after the $MOVE TGE, violating the agreement to provide two-way liquidity support. The foundation was unaware of this and immediately severed relations upon learning about it, notifying other exchanges and assisting Binance in the investigation.

Movement Network stated that they have recovered the relevant funds and plan to use the recovered $38 million to repurchase $MOVE in the open market, establishing a "Movement Strategic Reserve" fund. The repurchase will be conducted on Binance over the next three months, and the purchased $MOVE will be periodically transferred to the official on-chain wallet 0xA14C8e3eBb2Da43d027dC2c1b763387B9D59cACe.