🔵Movement Labs and Foundation "Investigating" "Market Maker Anomalies"

According to a DeThings report on April 16th, Movement Labs and the Movement Network are launching an investigation following issues with a market maker last month, as reported by Blockworks. At the time, Binance delisted an unnamed market maker due to "improper behavior" related to the $MOVE token. A Movement Labs spokesperson confirmed: "The Movement Network Foundation is undertaking a third-party review of recent market maker anomalies, which is standard best practice to ensure full transparency and accountability. It is inappropriate to speculate on the outcome of the review or any actions that may or may not be taken. Business continues as usual during the review."
Furthermore, multiple sources have revealed that Movement Labs co-founder Rushi Manche has temporarily left the company, with no set return date. Movement co-founder Cooper Scanlon announced Manche's "temporary leave" at an all-hands meeting on Monday. Additionally, the company held a live event in San Francisco last week, but Manche did not attend. In response, Manche stated that he is "still at" Movement Labs. However, neither Manche nor Movement Labs specifically addressed confirmation questions about whether he is on leave. Moreover, his Slack account appeared to have been deactivated for several days, although it was reactivated as of Monday evening.
Related reading: Questioning Movement's "Victory" in Rights Protection: Binance's Belated Justice and the Project's "Blame Shifting" Mystery