TechFlow news: Sui Foundation announced on Twitter that after a series of tweets released on June 27, it discovered MovEx had received contract-locked SUI tokens as compensation for work on DeepBook and violated the contractual restriction by initiating transactions to wallets.
MovEx did not notify or obtain approval from the Sui Foundation regarding these transactions. At the request of the Sui Foundation, MovEx returned the tokens to the primary receiving address and transferred them to a qualified custodian to enforce the contractual lock-up restrictions.
Due to MovEx's breach of contract, the Sui Foundation has terminated its partnership with the MovEx team. No further SUI token distributions will be made to MovEx, and MovEx is no longer one of the main contributors to the DeepBook smart contract.
Currently, all other contract-locked tokens are held in qualified custodial accounts whose holders have agreed to enforce such lock-up terms.
