Shocking secret exposed: This token was secretly distributed, investors are confused!

Cryptocurrency Startup in Scandal: Secretly Divides Tokens Worth Tens of Millions of Dollars

Leaked confidential documents raise internal suspicions
Blockchain startup Movement Labs , backed by Donald Trump -linked investment fund World Liberty Financial , is facing criticism after leaked internal documents revealed the company had quietly allocated large amounts of MOVE tokens to a group of advisors early on.

These deals were not disclosed to investors , raising major questions about transparency and the power structure within the company.

Advisor benefits, co-founder fired
Several memoranda of understanding from 2023 show a single advisor is proposed to receive $2 million in tokens per year , although the company insists the agreements are non-binding and “exploratory.”

However, the reality shows that there is chaos in internal management . After the scandal, co-founder Rushi Manche was fired , and CEO Cooper Scanlon stepped down from his executive position but remained with the company.

Divide tens of millions of USD in tokens to secret advisors
According to the disclosure, Sam Thapaliya (CEO Zebec Protocol) and Vinit Parekh were two people who had a big influence on the company's initial strategy.

They were granted up to 10% of the total MOVE supply through secret agreements , with Thapaliya “lent” 5% of the tokens for marketing and market making , along with another agreement granting an additional 2.5% – a total current value of over $50 million .

Although Movement Labs said the agreement was non-binding, Thapaliya denied it and announced that he would sue to claim the rights to this token.