top of page

Sui Foundation Ends Partnership With MoveEX Following Contract Violation

Sui Foundation, the non-profit organization behind the Sui Network, has terminated its partnership with MovEX, a decentralized exchange (DEX) and liquidity management platform, following the violation of a lockup agreement. According to a blog post by the Sui Foundation, MovEX moved some Sui tokens (SUI) that were subject to a contractual lockup without informing or seeking consent from the organization. MovEx was an early contributor to Sui during its mainnet launch in May, serving as a core builder for the network’s DeepBook, a shared decentralized central limit order book created for the ecosystem. At the time, 5.15% of the total SUI supply was in circulation.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!


bottom of page