Movement Labs: Has noted relevant media reports and will implement governance reforms based on the review results

ChainCatcher news, Movement Labs posted on platform X that it has noted media reports. Movement Labs and the Movement Network Foundation have commissioned a third party to conduct a thorough review of the abnormal situations with market makers. The review of Groom Lake is still ongoing, and once all details are gathered, the investigation results will be shared. Significant governance reforms will be made based on the review results to ensure that similar incidents do not occur in the future.

Previous news, Movement Labs is investigating the sell-off triggered by the control grant agreement of 66 million MOVE tokens.