Casa Paura e avidità Piscine minerarie Portafogli Dizionario pubblicizzare Facebook Twitter Telegram Reddit Youtube
Mercato:
24h Vol:
Cryptocurrencies: 13285
Mercata: 101337
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Mercato
24h Vol
13285
Cryptocurrencies
63.80%
Bitcoin Condividere
crypto.news 2025-05-02 06:55:47

Movement Labs suspends co-founder amid market making scandal as MOVE drops 20% amid Coinbase delisting

Movement Labs suspends co-founder amid market making scandal as MOVE drops 20% amid Coinbase delisting

Movement Labs has suspended co-founder Rushi Manche as it continues to investigate a scandal involving one of its former market makers. In a post on X dated May 2, Movement Labs confirmed Manche’s suspension as a third-party investigation by Groom Lake continues. The move came just hours after Coinbase announced it would suspend all Movement ( MOVE ) trading pairs starting May 15, citing failure to meet its listing standards. We confirm that Rushi Manche has been suspended from Movement Labs. This decision was made in light of ongoing events and as the third-party review is still being conducted by Groom Lake regarding organizational governance and recent incidents involving a market maker. — Movement (@movementlabsxyz) May 2, 2025 While Coinbase did not explicitly cite manipulation, it had already shifted MOVE into limit-only mode ahead of the decision. The dispute stems from a token dump that occurred in December, during which a market maker allegedly sold 66 million MOVE tokens for an estimated profit of 38 million Tether ( USDT ). In March, Binance reported the issue, freezing the money and notifying the Movement Foundation and Movement Labs. Rentech, the firm behind the dump, was falsely presented as affiliated with Web3Port. In reality, it appears to be an independent shell entity with no digital footprint. You might also like: MOVE price crashes to all-time low after market maker scandal According to leaked contracts, Rentech reportedly controlled more than 5% of MOVE’s entire supply, and the terms encouraged price inflation to a valuation $5 billion valuation prior to a planned sell-off. To limit the damage, Movement Foundation ended its collaboration with the market maker and pledged a $38 million USDT buyback through a new reserve fund. The results of the independent investigation will establish whether Movement executives were directly involved in the scheme or were misled. Currently trading at $0.19 and down over 20% in the past 24 hours, MOVE faces additional downside risk should support at $0.18 fail to hold. The MOVE/USDC chart shows a clear downtrend that began in late March. After a brief recovery, the token was rejected at the 20-day moving average, which is close to $0.24. MOVE price analysis. Credit: crypto.news The price action is still below all of the major moving averages, and the relative strength index is near 32, suggesting that the bearish momentum is still present. The volume spike, which shows that traders are reacting strongly to the recent news, adds volatility to an already unstable chart. The project’s credibility now hinges on transparency and the results of the ongoing review. Read more: World Liberty Financial’s USD1 selected as official stablecoin for MGX’s Binance investment

La maggior parte ha letto le notizie

Moralis Money
Mercato
24h Vol
63.80%
Bitcoin Condividere
30
Oggi notizie
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta