Movement Labs' MoveDrop Plan Temporarily Suspended
On May 1st, Movement Labs announced the postponement of the MoveDrop plan due to market maker issues, governance changes, and a major attack on MoveDrop. The development team successfully recovered a large number of Tokens stolen in this attack.
Token Redistribution
The recovered Tokens will be redistributed as rewards for the ecosystem and community once MoveDrop resumes operations. This is an effort to ensure the interests of the user community.
Governance Changes
To prevent similar incidents, Movement Labs is implementing changes in governance. Important information will be updated in a timely manner to keep the community fully informed.
Preparing for MoveDrop
Previously, 740 million MOVE were transferred to the fund's address in preparation for MoveDrop. This is an important step in protecting user assets and creating a stable foundation for upcoming activities.
