Movement, the blockchain project behind the MOVE cryptocurrency, faces an investigation into a financial agreement that allowed a single entity, Rentech, to exert excessive control over the token. This deal resulted in the sale of 66 million MOVE tokens, causing a significant price drop and accusations of insider trading. Internal communications reveal that Movement may have been misled into believing Rentech was linked to Web3Port, a market maker. Despite initial resistance to a risky deal, Movement signed a modified contract, which experts criticized for creating incentives for price manipulation and profit-sharing that ultimately harmed retail investors. Furthermore, the involvement of co-founder Rushi Manche in promoting the deal and the role of advisor Sam Thapaliya have raised concerns about potential conflicts of interest. The situation led to Binance banning Movement for misconduct, escalating the project's public relations issues and internal conflicts.

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