BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Movement Labs Secretly Allocated Millions in Tokens to Advisers, Leaked Documents Reveal
Movement Labs Secretly Allocated Millions in Tokens to Advisers, Leaked Documents Reveal
8
2
Movement Labs, a crypto startup backed by Donald Trump’s World Liberty Financial, faces renewed scrutiny after leaked documents reveal undisclosed token allocations to early advisers. The company, founded in 2023 by two Vanderbilt University dropouts, promised significant portions of its MOVE token supply to insiders—deals never disclosed to investors.
Internal memos reviewed by CoinDesk show one adviser was slated to receive nearly $2 million annually in tokens. These arrangements, dated shortly after the startup’s inception, underscore Movement Labs’ reliance on insider networks to establish itself in the competitive crypto sector. The revelations raise questions about transparency and power dynamics within the project.
By:
Previous
CoW Swap Aims for 33% Trading Volume Boost With New Collaborative Feature
Next
Pi Network’s Token Plunges 30% After Short-Lived Rally Above $1.50
