While transparency and user security in the crypto currency market were prioritized, Binance revealed an important market manipulation case. The platform found that the Movement (Move) project is linked to another previously banned market maker. This revealed that there were serious irregularities in the Move Token market.

Binance took action for Move

The Crypto Money Exchange Binance announced that the Movement (Move) project has found that a market maker was linked to another market maker previously banned from market -making activities on the platform. According to Binance’s statement, abnormal behaviors of the marketmaker in question were determined as follows:

• Immediately after the Move token’s listing on December 10, 2024, the market -maker sold about 66 million Move Token. There was no serious support for the purchase in this process.
• Before Binance terminated its partnership with the marketmaker on March 18, 2025, the market -maker made a net profit of approximately 38 million USDT.

What precautions took the stock market?

Binance took the following steps to protect the interests of users:

• Movement Labs and Movement Foundation teams informed market makers about irregular movements and demanded that they take the necessary measures.
• He froze the profit of approximately 38 million USDTs obtained by the marketmaker. The compensation payment plan to be made to users will be announced in the future by the project team.
• It banned the marketmaker’s market -making activities indefinitely on the Binance platform. This decision, Binance Ecosystem, a fair market environment aims to protect the said.

Warning to market makers

Binance recalled all the market makers on the platform to comply with the rules determined and emphasized the following principles of market -making activities:

• Orders should be placed in both purchase and sale.
• Adequate order size should be provided at the specified depth levels.
• A healthy and stable spray should be protected for market activities.
• The orders should be active for a certain period of time and the market should not be broken with the cancellations of order at excessive frequency.

Binance stated that it will continue to impose the necessary sanctions against market makers violating these rules and that it will continue to build a crypto ecosystem that supports transparency and long -term sustainability.