Movement Labs was reported to have secretly promised to provide two consultants with up to 10% of the Token share.

DailyNews

2025-05-15 14:26:53

MOVE-0,04%

Odaily News Trump-backed encryption startup Movement Labs has been revealed through leaked internal documents to have signed memoranda with two advisors, promising to grant them up to 10% of the total supply of MOVE Tokens. These protocols were not disclosed to investors or the public. One advisor, internally referred to as the “shadow co-founder,” is currently seeking legal avenues to claim Tokens worth over $50 million. Movement Labs stated that these agreements are non-binding, but the incident has intensified the controversy that the company previously faced due to a market manipulation scandal, leading to public disagreements among co-founders. (CoinDesk)

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