BlockBeats News, May 15th, according to CoinDesk, Movement Labs has been exposed to secretly promise through an undisclosed memorandum of understanding to allocate up to 10% of the MOVE token supply to two "shadow advisors." The leaked internal document shows that Movement Labs has promised token values of over $50 million each to Sam Thapaliya and Vinit Parekh, and these transactions were never disclosed to investors or the public.
BlockBeats previously reported on an abnormal sale of 66 million MOVE tokens, possibly related to the intermediary Rentech engaging in self-trading.
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