Movement Labs had secretly promised to provide up to 10% of the token share to two advisors

ChainCatcher news, according to CoinDesk, internal documents leaked from the Trump-backed crypto startup Movement Labs show that it signed memorandums with two advisors, promising to grant them up to 10% of the total supply of MOVE tokens. These agreements were not disclosed to investors or the public, and one advisor, referred to internally as the "shadow co-founder," is currently seeking legal avenues to claim tokens worth over $50 million.

Movement Labs stated that these agreements are non-binding, but the incident has intensified the controversy surrounding the company due to a previous market manipulation scandal and has led to public disagreements among the co-founders.