CoinDesk This revelation tonight is a bit big.
· Movement signed a market maker agreement of 60 million MOVE with intermediary Rentech, and after joining Binance, the company sold $38 million.
· The contract shows that Rentech is both a subsidiary of Web3Port and an agent of the Movement Foundation, and is suspected of being an internal rat trading.
· The person who led this contract is suspected to be Rushi, who was previously rumored to be associated with Wanhui.
· Now Movement Rushi and consultant Sam are under investigation, who is accused of being the promoter of the main events behind the scenes.
· Rentech, an intermediary company on Web3Port, responded that the contracts and decisions were approved by the people on the Movement Foundation, but the Movement people now deny participating in the establishment or drafting of the contract.
· This agreement requires: When the total market value of MOVE exceeds 5 billion yuan, intermediary market makers can sell tokens to retail investors, profits and project parties, and share 50% of the share.
In short, after investigation, each party denied it, and Movement also began to fight internally over this matter. The founder and Lianchuang are now in a state of confrontation.