PANews reported on March 25 that Binance announced the discovery that a market maker of the Movement (MOVE) project is associated with another market maker recently delisted for violations. The market maker sold approximately 66 million MOVE tokens on December 10, 2024, the day after the MOVE token went online, with very few buy orders, and profited 38 million USDT before being delisted on March 18, 2025.
To protect users, Binance has frozen the market maker's related earnings, notified Movement Labs and Movement Foundation of their violations, and prohibited further market-making activities on the platform.
