Sam Thapaliya Under Investigation for Alleged Market Manipulation in Cryptocurrency Exchange

Cryptocurrency exchange Movement Labs is facing scrutiny after allegations of market manipulation surfaced regarding the involvement of Sam Thapaliya, founder of Zebec Protocol. CoinDesk reported on the investigation by Kessler which revealed a secret agreement that allowed for the unilateral sale of $38 million worth of MOVE tokens. This decision has shocked stakeholders and experts, raising concerns about internal oversight at Movement Labs.