PANews reported on April 16 that according to Blockworks, Movement Labs and Movement Network are investigating after problems with market makers last month. At that time, Binance removed an unnamed market maker due to "inappropriate behavior" of the MOVE token. A Movement Labs spokesperson confirmed: "The Movement Network Foundation is conducting a third-party review of recent abnormal behavior of market makers, which is a standard best practice to ensure full transparency and accountability. It is inappropriate to speculate on the results of the review or actions that may or may not be taken. Business is proceeding normally during the review."
In addition, multiple sources revealed that Movement Labs co-founder Rushi Manche has temporarily left the company and his return date is uncertain. Movement co-founder Cooper Scanlon announced Manche's "temporary leave" at a general meeting on Monday. In addition, the company held a live event in San Francisco last week, but Manche did not attend. Manche responded that he was "still" at Movement Labs. However, neither Manche nor Movement Labs specifically responded to questions about whether he was on vacation. In addition, his Slack account appears to have been deactivated for several days, but it was back online as of Monday evening.
Related reading: Questions behind Movement’s “victory” in rights protection: Binance’s delayed justice and the mystery of the project’s “passing the buck”
