Movement Network Foundation: We were unaware of the market maker behavior and have severed all ties. We will use the recovered funds to repurchase MO

response to Binance's handling of the market maker market misconduct of the Movement (MOVE) project, the Movement Network Foundation stated that Movement Network Foundation and Movement Labs were unaware of this, and the reason for choosing to cooperate with this market maker was because they had already supported projects in the Movement ecosystem. They have currently severed all ties with the market maker (including ecosystem partnerships) and have contacted other major exchanges to inform them of the ongoing investigation. Throughout the entire incident, the Movement Network Foundation has actively cooperated with Binance and has pledged to repurchase $MOVE on the open market using funds recovered from MM.