Wu said that Movement Labs announced the originally scheduled MoveDrop airdrop will be postponed due to abnormal market making, governance structure adjustments, and severe Sybil attacks. The official statement said that a large amount of abused tokens have been successfully recovered and will be redistributed to the community and ecosystem incentives after the airdrop. The foundation will advance governance reforms to prevent similar incidents from happening again. Despite the delay, the DeFi Spring ecosystem incentive activities will continue. The project team promised to announce the follow-up arrangements for MoveDrop as soon as possible and apologized to users.
All You Need to Know in 10s