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How MOVE’s Contracts Put a Pump and Dump Into a Legal Agreement - Ep. 828

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Manage episode 480214618 series 1822984
Content provided by Laura Shin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Laura Shin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The MOVE token collapse sparked one of the most damning investigations in the industry this year.

In this episode of Unchained, investigative journalist Sam Kessler joins Laura Shin to walk through the contracts, questionable market-making deals, and finger pointing inside Movement Labs. From Binance’s ban to a Trump-affiliated crypto deal, this story unearths how the MOVE token collapse was the product of what looks like a pump-and-dump plan written out in legal contracts.

Plus:

  • How insiders structured deals to profit from artificial price spikes

  • How this could have happened with a project backed by some of crypto’s most reputable VCs

  • What this saga says about token launches, regulation, and market integrity

  • And whether Movement Labs can (or should) be trusted to investigate itself

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

  • Sam Kessler, Deputy Managing Editor for Tech and Protocols at CoinDesk

Timestamps:

👋 0:00 Introduction

🕵️‍♀️ 1:52 Initial details of the scandal

⚖️ 6:20 Conflicts of interest at Movement Labs and who knew what

💥 8:42 Why 5% of tokens = 50% of supply and why that’s wild

🧾 13:14 How a lawyer called the deal “the worst agreement I’ve ever seen”

🚫 18:41 Why Binance banned Web3Port after suspicious trading

🧩 20:38 The web of key players: founders, shadow advisors, and middlemen

🧠 25:51 A theory on treasury selling and token price manipulation

🔍 27:49 Can Movement Labs investigate itself, and will anyone trust the outcome?

📉 29:39 Why Coinbase is suspending MOVE and what that signals

🇺🇸 30:47 How Trump’s crypto arm is tangled up in the MOVE ecosystem

📰34:15 News Recap

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

874 episodes

Artwork
iconShare
 
Manage episode 480214618 series 1822984
Content provided by Laura Shin. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Laura Shin or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The MOVE token collapse sparked one of the most damning investigations in the industry this year.

In this episode of Unchained, investigative journalist Sam Kessler joins Laura Shin to walk through the contracts, questionable market-making deals, and finger pointing inside Movement Labs. From Binance’s ban to a Trump-affiliated crypto deal, this story unearths how the MOVE token collapse was the product of what looks like a pump-and-dump plan written out in legal contracts.

Plus:

  • How insiders structured deals to profit from artificial price spikes

  • How this could have happened with a project backed by some of crypto’s most reputable VCs

  • What this saga says about token launches, regulation, and market integrity

  • And whether Movement Labs can (or should) be trusted to investigate itself

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

  • Sam Kessler, Deputy Managing Editor for Tech and Protocols at CoinDesk

Timestamps:

👋 0:00 Introduction

🕵️‍♀️ 1:52 Initial details of the scandal

⚖️ 6:20 Conflicts of interest at Movement Labs and who knew what

💥 8:42 Why 5% of tokens = 50% of supply and why that’s wild

🧾 13:14 How a lawyer called the deal “the worst agreement I’ve ever seen”

🚫 18:41 Why Binance banned Web3Port after suspicious trading

🧩 20:38 The web of key players: founders, shadow advisors, and middlemen

🧠 25:51 A theory on treasury selling and token price manipulation

🔍 27:49 Can Movement Labs investigate itself, and will anyone trust the outcome?

📉 29:39 Why Coinbase is suspending MOVE and what that signals

🇺🇸 30:47 How Trump’s crypto arm is tangled up in the MOVE ecosystem

📰34:15 News Recap

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

874 episodes

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