Movement Network Foundation: Will repurchase 38 million USDT worth of MOVE on Binance in the next three months

Odaily Planet Daily News In response to Binance's release of measures to deal with market violations by market makers of the Movement (MOVE) project, the Movement Network Foundation issued a statement saying that the Movement Network Foundation and Movement Labs were unaware of this and chose to cooperate with this market maker because they had supported projects in the Movement ecosystem. They have now cut off all relationships with the market maker (including ecosystem partnerships) and contacted other major exchanges to inform them of the ongoing investigation. Throughout the incident, the Movement Network Foundation actively cooperated with Binance and promised to use the funds recovered from MM to repurchase $MOVE on the open market. In the next three months, 38 million $USDT recovered from market makers will be used to purchase $MOVE on Binance. The purchased $MOVE will be regularly transferred to the on-chain wallet of the Movement Strategic Reserve: 0xA14C8e3eBb2Da43d027dC2c1b763387B9D59cACe.