Project
Web3Port
Market maker
Cooper Scanlon, Movement Labs’ co-founder, told employees in an April 21 Slack message that the company was examining how more than 5% of MOVE tokens earmarked for Web3Port, a market maker, were routed through a middleman named Rentech — “an entity the foundation was led to believe was a subsidiary of Web3Port but apparently is not.”…
Description sourced from
- coindesk.com
“Cooper Scanlon, Movement Labs’ co-founder, told employees in an April 21 Slack message that the company was examining how more than 5% of MOVE tokens earmarked for Web3Port, a market maker, were routed through a middleman named Rentech — “an entity the…”
Named in 1 piece
CEO Changes
Torab Torabi Takes Movement After a $38 Million Token Dump
Torab Torabi became chief executive of Move Industries on May 7, 2025, a week after CoinDesk's token-dump report, and the dispute over who answers for the launch has since reached Delaware's courts.