Movement Network Foundation announced the recovery of $38 million in assets from a market maker involved in irregular trading activities. Binance froze the market maker's proceeds after discovering that it had sold 66 million MOVE tokens while placing minimal buy orders. This action led to the recovery of funds which the Movement Network plans to use in a buyback program for MOVE tokens over the next three months. The recovered funds will establish a Movement Strategic Reserve to support long-term liquidity within the ecosystem. The foundation has severed ties with the market maker and will periodically transfer the purchased MOVE tokens into the new reserve. This incident reflects Binance's ongoing efforts to oversee market makers and maintain trading integrity, including recent actions against other market makers and investigations into potential insider trading.

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