🚨 Binance Intervenes for Market Irregularities on $MOVE 🚨
Binance has identified irregularities related to a market maker of the Movement project ($MOVE ), with connections to another market maker previously offboarded for misconduct.
🔎 WHAT HAPPENED?
The market maker sold 66 million MOVE the day after the listing (December 10, 2024), with poor buying offers.
They made a net profit of 38 million USDT before being offboarded on March 18, 2025.
🛡 ACTIONS TAKEN BY BINANCE:
✅ Informed Movement Labs and Movement Foundation about the irregularities.
✅ Blocked the market maker's proceeds to compensate users.
✅ Offboarded and banned any further market making activities on Binance.
📢 Binance reiterates its commitment to a transparent and secure market. All market makers must adhere to the rules, including proper management of buy and sell orders. Those who do not will be penalized.
🔗 Read the full announcement on Binance! 👉🏼 OFFICIAL ANNOUNCEMENT!
