🔸Crisis of Trust in Crypto Market Making after Cases $MOVE and $OM " or "Reevaluating Trust.
Recently, there have been two problematic cases involving cryptocurrencies called MOVE and OM. It turns out that those behind these cryptocurrencies engaged in some strange and secretive activities, such as under-the-table agreements and selling large amounts of tokens without much public awareness. This caused prices to plummet suddenly, leaving many investors in shock.
This has led companies that act as market makers to become very distrustful. They are realizing that they cannot trust everyone and that they need to understand much better what is really happening with each cryptocurrency before working with it. They want everything to be more transparent, such as knowing when more coins will be released to the market and if there are secret agreements among those behind the project.
It has also been discovered that there is a "secret" market where these cryptocurrencies are bought and sold before they are released to the public, making it very difficult to know how many coins are actually available and what their price should be.
In short, these scandals have made those responsible for maintaining the price stability of cryptocurrencies much more demanding and distrustful, asking for more clarity and transparency to avoid unpleasant surprises in the future. The era of trusting without questioning seems to be over.