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Futures
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NEW
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Earn interests with idle tokens
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Auto-invest on a regular basis
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Soft Staking
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Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
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Stake BTC and earn 10% APR
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Use USDT/USDC to mint GUSD for treasury-level yields
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Movement Labs investigation into the control grant protocol of 66 million MOVE Tokens has triggered a $38 million dumping storm.
According to CoinDesk, Movement Labs is investigating whether it was misled into signing a market-making protocol that granted an unknown middleman control over 66 million MOVE tokens, leading to a $38 million dumping after the token’s debut. Rentech appeared on both sides of the trade, once as a subsidiary of Web3Port and once as an agent for the Movement Foundation. Foundation officials initially described the Rentech deal as “possibly the worst protocol” they had ever seen, as it incentivized people to inflate the price of MOVE before selling the tokens to retail investors.