Leaked docs reveal undisclosed MOVE token deals at Movement Labs

Leaked documents show Movement Labs, backed by Trump-linked World Liberty Financial, promised up to 10% of its MOVE token supply to early advisers through undisclosed agreements. The startup claims the deals were non-binding, but one adviser, dubbed a “shadow co-founder” is pursuing legal action for a $50 million token allocation. The revelations deepen concerns around Movement’s internal practices following a market-making scandal involving Chinese firm Web3Port, which allegedly dumped $38 million in tokens post-launch. The controversy has fueled internal conflict, leading to the ousting of co-founder Rushi Manche and Coinbase suspending MOVE token trading on May 15, CoinDesk reported.