Coinbase Removes Altcoin MOVE from Trading Following Manipulation Allegations

Coinbase has announced the removal of altcoin MOVE from its trading platform. The decision comes after recent allegations that a market maker affiliated with MOVE artificially inflated the coin’s price during its initial launch. While Coinbase hasn’t explicitly stated the reason for the delisting, they confirmed that this process aligns with their standard practice of regularly reviewing listed assets to ensure compliance with listing criteria. The move is set to be effective on May 15th. This decision follows a broader scandal involving MOVE, which has sparked investigations into potential price manipulation.