Movement Foundation: Unaware of the market maker's actions and has severed all ties, will use the recovered funds to repurchase MOVE

ChainCatcher news, regarding Binance's handling measures for the market-making violations of the Movement (MOVE) project, the Movement Network Foundation stated that both the Movement Network Foundation and Movement Labs were completely unaware of this. The reason for choosing to cooperate with this market maker was that they had previously supported projects within the Movement ecosystem. They have now severed all ties with this market maker (including ecosystem partnerships) and have contacted other major exchanges to inform them of the ongoing investigation. Throughout the incident, the Movement Network Foundation has actively cooperated with Binance and has committed to using the funds recovered from the MM to repurchase $MOVE on the open market.