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Movement co-founder "suspends his duties", foundation launches investigation into market makers abnormalities

Internet reports that Movement Labs co-founder Rushi Manche has "temporarily resigned" due to project disputes. Previously, Binance suspended its partnership due to the "manipulation behavior" of the market maker, who dumped approximately US$38 million in MOVE tokens and only placed a small amount of the purchase. The Movement Network Foundation has launched a third-party investigation to review these "market maker anomalies." The foundation has said it had no prior knowledge and announced a repurchase of 38 million USDT to supplement ecological liquidity.

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