Movement Labs was exposed to secretly allocate 10% MOVE tokens to two shadow advisers
Crypto 7x24
2025-05-16 00:18:09
3447
According to online reports, Movement Labs was revealed to have passed an undisclosed memorandum of understanding and secretly promised to allocate up to 10% of the MOVE token supply to two "shadow advisers." Leaked internal documents show that the company promised Sam Thapaliya and Vinit Parekh worth more than $50 million in tokens each, and these transactions were never disclosed to investors or the public.
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