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Movement: MoveDrop will be delayed due to recent investigation into market makers

Movement: MoveDrop will be delayed due to recent investigation into market makers

CointimeCointime2025/05/01 03:33
By:Cointime

Movement posted on X platform that, due to the ongoing investigation into abnormal market makers, governance changes, and the continuous investigation of the MoveDrop witch attack, MoveDrop must be postponed. Movement added that sybil tokens can be heavily recycled, so after MoveDrop is completed, these sybil tokens will be reallocated to the ecosystem and community rewards. At the same time, the Movement Foundation is implementing governance changes to ensure that this situation does not happen again, and DeFi Spring incentive measures will continue to be implemented throughout the ecosystem.

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