CryptoNews: The Sui Foundation has ended its partnership with decentralized exchange MovEx, following allegations of a contract violation that resulted in more $SUI tokens being traded on the open market. 🔎
Sui Has Ended Its Partnership With MovEx After Token Lockup Breach
The Sui Foundation has ended its partnership with decentralized exchange MovEx, following allegations of a contract violation that resulted in moreFounded by former Meta employees, the Sui Network is a low-cost blockchain that uses SUI tokens for transaction and maintenance. As compensation for their work on the exchange product DeepBook, MovEx got 2.5 million SUI, or $1.6 million, from the Sui Foundation. The tokens were subject to a contractual lockup that permitted them to be released at specific points in the future. However, MovEx broke the lockup by starting three transactions totaling 625,000 SUI to three different wallets.
According to the Sui Foundation, MovEx did not notify it of the three transactions that violated the contractual lockup, and no more SUI tokens will be given to MovEx. MovEx said it will carry on operating but did not object to or refute the Sui Foundation's allegations.Related Articles
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Sui Foundation Bins MovEx After Violation of SUI Token Lockup Schedule.SuiFoundation has terminated its relationship with decentralized exchange MovEx after a breach of their contract that caused additional sui (SUI) tokens to be circulated in the open market. By shauryamalwa.
続きを読む »
Sui Foundation ends relationship with MovEx after contract breachThe Sui Foundation has ended its relationship with decentralized exchange MovEx following a breach of its contract.
続きを読む »
Immunefi, Polygon Labs, Solana Foundation launch web3 ‘Rekt Test’Immunefi, Polygon Labs, Solana Foundation and others are launching “The Rekt Test” — a baseline security standard for web3.
続きを読む »
The Heritage Foundation Plan to Help Trump End Democracy in AmericaLast year, the right-wing think tank launched a new initiative—dubbed the “2025 Presidential Transition Project,” or “Project 2025” for short—to ensure that the next GOP President’s authority will be unchecked.
続きを読む »
10 Books to Read If You Enjoy Generation-Spanning Sci-Fi Epics Like FoundationSci-fi stories that don’t span centuries are so basic.
続きを読む »
Immunefi, Trail of Bits, Solana Foundation launch web3 ‘Rekt Test’Immunefi, Trails of Bits, Solana Foundation and others are launching “The Rekt Test” — a baseline security standard for web3.
続きを読む »