CoinVoice has recently learned that Movement Labs is investigating whether it was misled into signing a market-making agreement that granted an unknown intermediary control over 66 million MOVE tokens, resulting in a $38 million sell-off following the token's debut.

Rentech appeared on both sides of the transaction, once as a subsidiary of Web3Port and once as an agent for the Movement Foundation. Foundation officials initially referred to the Rentech transaction as 'possibly the worst agreement' they had ever seen, which incentivized people to inflate the price of MOVE before selling the tokens to retail investors. [Original link]