$MOVE Layer 2 Blockchain Project Movement Labs is currently investigating a market-making protocol incident suspected of fraud. An arrangement originally aimed at facilitating the smooth launch of the MOVE cryptocurrency has ultimately evolved into a sell-off scandal that has shaken the market. The protocol allegedly transferred control of 66 million MOVE tokens to an obscure intermediary Rentech without the project's full knowledge. Rentech simultaneously plays the dual roles of 'Web3Port subsidiary' and 'foundation agent' within the protocol, suspected of self-dealing. This arrangement directly triggered a sell-off of tokens worth 38 million dollars the day after the MOVE launch, leading to a significant drop in token price and resulting in Binance's ban.