Movement Labs Initiates Thorough Review of Market Maker Anomalies

According to Odaily, Movement Labs announced on the X platform that it has taken note of media reports regarding recent anomalies involving its market maker. The company, along with the Movement Network Foundation, has engaged a third party to conduct a comprehensive review of the situation. The investigation, named Groom Lake, is still ongoing. Movement Labs has committed to sharing the findings once all details are gathered. Based on the review's outcomes, significant governance reforms will be implemented to prevent similar incidents in the future.