Binance has frozen the account of a market maker linked to the MOVE token for dumping tokens. On December 10, 2024, the market maker allegedly sold over 66 million MOVE tokens, generating a profit of 38 million USDT.

The frozen funds will be used to compensate the victims impacted by this dumping. Binance has informed the Movement Network Foundation of the irregularity, emphasizing that they had no knowledge of the market maker’s misconduct.