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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.


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