Attention Investors! Binance Banned This Altcoin's Market Maker! $38 Million Support Came From The Altcoin Team!

Binance has decided to remove the market maker of the altcoin Movement (MOVE) from its exchange due to its illegal activities.

Binance, the world's largest cryptocurrency exchange, has decided to remove the market maker of the altcoin Movement (MOVE) from the exchange due to its illegal activities.

Binance announced that a market maker in MOVE made a net profit of $38 million by selling 66 million MOVE tokens.

“We have confirmed that a Movement (MOVE) market maker is associated with another market maker that was recently removed from the exchange for illegal activities.

As a result, we removed the market maker from the exchange and banned all market making activities on Binance.”

Binance also explained the inappropriate behavior of the banned MOVE market maker, and listed it as follows: