Coinbase will suspect the movement of the movement, quoting “recent journals”, following a PK Press Club survey on marketing agreements which said that the experts prompted the manipulation of prices.
The token dropped more than 13% on news from the commercial suspension, while the wider index of the 20 market gauge increased by 4.4%.
Movement Labs is currently studying how a market market has been able to have access to a large number of its tokens, which were then dumped on retail investors, which caused the tank of its price. The market market, web3port, appears in the contracts previously reported by Coindesk.
According to the Coindesk report, the co-founder of Motion Labs, Cooper Scanlon, told employees last month that the company investigated the way Retench, which, according to the movement, was a web3port subsidiary, obtained more than 5% of web -3port moving tokens.
According to the contracts obtained by Coindesk, Rentech had the capacity to liquidate all his tokens in certain circumstances, which, according to experts, could have encouraged the company to increase the value of the token.
Crypto Exchange Binance then banned Web3port, the market market, after $ 38 million of moving tokens in portfolios linked to web3port were liquidated after the beginnings of the exchange of MOV.
Coinbase did not share a lot of details on the commercial suspension, simply announcing that it would do it on May 15 at 2:00 p.m. Pacific time (9:00 p.m. UTC).
We regularly monitor the assets of our exchange to ensure that they meet our registration standards. Based on recent criticisms, suspend the exchanges for the movement (moving) on May 15, 2025, around or around 2 p.m. he.
– Coinbase assets 🛡️ (@coinbaseasets) May 1, 2025
Coinbase said that he had already changed his command notebooks into “limited mode only” for Move Tokens, which means that transactions will only be executed at certain prices, rather than the cash price of a token.
Read more: Token-Dump scandal of the movement inside the movement: secret contracts, ghost and intermediate advisers hidden
Update (May 1, 2025, 17:18 UTC): Add an additional context.
