š„š£ MOVEMENTāS TOKEN DUMP SCANDAL EXPOSED! š„š£
What Happened? Movement Labs signed a market-making deal that handed a mysterious middleman control of 66 million MOVE tokens, triggering a $38 million crash right after launch.
š¤ Secret Player: The shadowy firm āRentechā appeared on both sides of the contractāonce as a Web3Port arm, once as Movement Foundationās agentāraising self-dealing alarms.
š© Red Flags: Internal docs flagged the Rentech deal as āpossibly the worst agreementā ever seen, with experts warning it incentivized a pump-and-dump on retail investors.
š„ Insider Rift: Top executives, lawyers, and advisors are under fireāSlack messages show co-founders scrambling to explain how 5% of the token supply ended up in one pocket.
ā Binance Ban: After the dump, Binance delisted MOVE, deepening the crisis and smashing investor confidence.
šµļøāāļø Behind the Scenes: Movement Labs is now investigating whether it was deceived into this $38 million selloff, and whether legal counsel was complicit.
āļø Why It Matters: This scandal exposes how opaque contracts and hidden middlemen can wreck new crypto projectsāand why on-chain transparency is non-negotiable.
š„ Take Action:
Retweet if you demand full disclosure in crypto deals!
Comment your thoughts on how to protect retail investors next time.
#CryptoScandal #Move #BinanceSquare #PumpAndDump #Trump100Days
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