We need to talk about Movement Labs

[slapper]

This is a big scandal. It's a stress test on all we say we know about cryptocurrencies

Movement Labs handed 66M tokens (half the supply) to a shadow-labeled market maker (Rentech posing as Web3Port), built contracts that rewarded short-term price manipulation over long-term integrity, ignored internal legal dissent, and then watched it collapse in real time. Binance kicked the market maker off the scene. MOVE dumped. Retail ate the loss

This goes beyond a single shady deal. It’s about: 
- Smuggling insider deals through the use of fake decentralisation
- Foundations protecting for-profit greed like shields
- Structures for governance that are exclusive to pitch decks

Who messed up? Moreover, how common is it for projects of this type to be constructed?
Why did everything go wrong?
What should we construct to make this not normal?
Or is this merely the current economic model of Web3?

[hugeblack]

How can things not get better when there is blind trust in project owners and centralized platforms?
Many invest just for the sake of investing, or because of initial public offerings or false advertising, without conducting real or in-depth research.