Movement 'Shadow Advisor' Exposes Pre-Genesis Fund's Insider Trading to Acquire 60 Million Move Tokens Through a Rug Pull Airdrop

Blockbeats
22 May

BlockBeats News, May 22nd, Movement's "Shadow Advisor" Sam Thapaliya today revealed that former co-founder Cooper Scanlon obtained 60 million Move tokens through a pre-launch airdrop. Sam stated that Cooper insisted on distributing the highest proportion of tokens in the airdrop to a group of 75,000 wallets, which were almost the only wallets able to claim, bundle, and sell more than 60 million MOVE tokens. Cooper also instructed to increase the gas fee for claiming the airdrop, causing the vast majority of retail investors to never claim the airdrop.

Meanwhile, "Shadow Advisor" Sam Thapaliya is also not a "good actor." Earlier, two business memorandums showed that Movement Labs signed agreements with two "shadow advisors" (including Sam Thapaliya), committing to provide up to 10% of the MOVE token's total supply (worth over $50 million). Advisor Sam Thapaliya claims that the agreement has not been terminated and is seeking legal recourse to claim the total 2.5% token supply.

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