Movement "Shadow Advisor" Reveals Former Co-Founder Acquired 60 Million Move Tokens Through Insider Trading Airdrop

On May 22, it was reported that Movement's "shadow advisor" Sam Thapaliya revealed today that former co-founder Cooper Scanlon obtained 60 million Move tokens through insider trading airdrops. Sam stated that Cooper insisted on distributing the highest proportion of token airdrops to a group of 75,000 wallets, which were almost the only wallets capable of claiming, bundling, and selling more than 60 million MOVE tokens. Cooper also instructed to raise the GAS fees for claiming the airdrop, causing the vast majority of retail investors to never claim the airdrop.

However, "shadow advisor" Sam Thapaliya is also "not a saint." Two previous business memorandums show that Movement Labs signed agreements with two "shadow advisors" (including Sam Thapaliya), promising to provide up to 10% of the MOVE token supply (worth over $50 million). Advisor Sam Thapaliya claims the agreement has not been terminated and is seeking legal means to recover 2.5% of the total token supply.