On March 25, Binance announced that it discovered a market maker for the Movement (MOVE) project was associated with another unit that was delisted due to violations. This market maker sold approximately 66 million MOVE Tokens on December 10, 2024, just one day after MOVE was launched, with very few buy orders. With this move, they obtained a profit of 38 million USDT before being delisted on March 18, 2025.

To protect users, Binance has frozen the related profits of this market maker, notified Movement Labs and the Movement Fund about their violation, and banned them from continuing market-making activities on the platform. According to previous information, Movement will implement a plan to buy back 38 million USD worth of MOVE on Binance within three months and has cut ties with previous market makers.

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