Movement Labs: Noted relevant media reports, committed to governance reforms based on findings

Movement Labs officially posted on the X platform that in response to CoinDesk's report on its abnormal market-making behavior, Movement Labs and the Movement Network Foundation have commissioned a third-party agency, Groom Lake, to conduct a comprehensive independent review. Movement said it will make public the findings of the investigation when it has all the details, and based on the review findings, make major governance reforms to prevent such incidents from happening again.