Movement Labs, Foundation conducts ‘investigation’ into ‘market maker abnormalities’

Movement Labs and Movement Network are conducting an investigation following last month’s market maker issues, when Binance removed an unnamed market maker after “misconduct” around MOVE’s token, Blockworks has learned.

A Movement Labs spokesperson confirmed a third-party review when reached by Blockworks.

In internal Slack messages seen by Blockworks, a profile belonging to Movement co-founder Cooper Scanlon said the investigation into “recent events” has “various routes […] [that] are still being explored,” and “nothing is definitive yet.” The third party involved in the investigation was not named. 

In a message to Blockworks, a Movement Labs…

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