đš MOVE: Web 3 Biggest Scandal? Worse than Terra/FTX?
A thread on @movementlabsxyz downfall:
- 5-month mainnet delay
- Market maker dumping scandal
- KOLs exploited, early advisors sidelined
- Team pockets millions in airdrops, then blames each other
- Token crashes 90% before claiming opensâthen Sybil attacks wipe out rewards
Friendâs story today: âWaited 5 months for $MOVE airdrop. Checked site, saw my tokens, went to the bathroomâcame back, Sybilâd. Gone.â đ
We passed on MOVE in Jan 2024 after due diligence with a close friend who flagged red flags. (Chat attached with his consent)
Trust your gutâhype canât hide scams.

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