Movement Labs: We have taken note of relevant media reports and promise to carry out governance reforms based on investigation conclusions

Movement Labs officially announced on X platform that in response to CoinDesk's report on its abnormal market making behavior, Movement Labs and Movement Network Foundation have commissioned a third-party organization Groom Lake to conduct a comprehensive independent review. Movement stated that it will publicly release the investigation results after mastering all details and carry out significant governance reforms based on the review conclusions to prevent such incidents from happening again.