PANews reported on May 15 that according to CoinDesk, Movement Labs, a cryptocurrency startup supported by Trump WLFi, was revealed to have promised to allocate up to 10% of the total MOVE tokens to two "shadow consultants" in an undisclosed agreement, involving more than $50 million in interests. Among them, Zebec Protocol CEO Sam Thapaliya was allocated 7.5%, known as a "shadow co-founder", and has threatened to file a lawsuit. Another consultant, Vinit Parekh, was also allocated 2.5% and received a high fee based on the amount of financing. The incident exacerbated the company's internal strife, and one of the founders, Rushi Manche, has been fired, and Coinbase has also announced the delisting of MOVE tokens.
Movement Labs was revealed to have privately promised advisors up to 10% of token allocation
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