The Sui Foundation announces the termination of its partnership with MovEx
ChainCatche message, the Sui Foundation stated on social media that the Sui ecosystem DEX MovEx had previously received a grant of 2.5 million SUI from the Sui Foundation for the development of DeepBook. An investigation revealed that MovEx transferred 625,000 SUI to three wallets through three transactions, violating the token lock-up agreement. MovEx did not inform the Sui Foundation about these three transactions that violated the contract lock-up, nor did the Sui Foundation give its consent.At the request of the Sui Foundation, MovEx has transferred all 2.5 million SUI to a third-party custodial wallet to enforce the contractual lock-up restrictions. Based on this, the Sui Foundation has terminated its cooperation with MovEx. MovEx will not receive any more SUI and is no longer the primary developer of DeepBook.
