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Movement Labs exposed for secretly allocating 10% of MOVE tokens to two "shadow advisors"

2025.05.15 - 14:35

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TechFlow news, May 15 — According to CoinDesk, Movement Labs has been exposed for secretly committing, via undisclosed memorandums of understanding, up to 10% of the MOVE token supply to two "shadow advisors." Leaked internal documents reveal the company promised tokens worth over $50 million each to Sam Thapaliya and Vinit Parekh, transactions that were never disclosed to investors or the public.

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