運動實驗室，這家受醜聞的加密初創公司由唐納德·特朗普（Donald Trump）的世界自由金融（World Liberty Financial）支持

甚至在其代幣發布之前，機動實驗室將Move的大部分供應供應給少數早期顧問 - 這些安排從未透露給投資者

Movement Labs, the crypto startup backed by Donald Trump’s World Liberty Financial, promised large stakes of its token to early insiders in undisciosed deals that now raise fresh questions about who really holds power behind the scenes.

運動實驗室是由唐納德·特朗普（Donald Trump）的世界自由金融（World Liberty Financial）支持的加密貨幣初創公司，他承諾在未被發現的交易中向早期內部人士提供了大量的賭注，現在對誰真正擁有幕後權力提出了新的疑問。

Even before its token launch, Movement Labs committed large portions of MOVE’s supply to a handful of early advisers — arrangements that were never disclosed to investors and only surfaced through internal documents reviewed by CoinDesk.

甚至在其代幣發布之前，運動實驗室將Move的大部分供應供應給少數早期顧問 - 這些安排從未向投資者披露，並且僅通過Coindesk審查的內部文件浮出水面。

Two business memos obtained by CoinDesk — one promising a single adviser nearly $2 million a year — show how Movement, founded in 2023 by two 20-year-old Vanderbilt dropouts, leaned heavily on these advisers to gain a foothold in the crypto industry.

Coindesk獲得的兩個商業備忘錄（一個承諾每年近200萬美元的顧問都承諾，這表明了2023年由兩名20歲的Vanderbilt輟學者在2023年建立的運動如何在這些顧問身上依靠這些顧問，以在加密貨幣行業獲得立足點。

Movement Labs said the agreements, dated shortly after the project's founding, were exploratory in nature and non-binding.

運動實驗室說，該協議在該項目成立後不久是探索性的，本質上是探索性的。

The existence of the agreements nonetheless casts new light on the chaotic inner workings of Movement, which came under fire after CoinDesk reported last month that insider market-making deals enabled token dumping by insiders.

儘管如此，協議的存在仍然是關於運動的混亂內部運作的新啟示，在Coindesk上個月報導說，內幕營銷協議使內部人員的傾銷能力。

The fallout has sparked waves of finger-pointing inside the company, centering on who steered Movement into a predatory agreement with a Chinese market maker under terms that analysts say incentivized predatory selling.

該輻射引發了公司內部的指尖浪潮，其目的是根據分析師說激勵掠奪性銷售的條款，將運動轉向與中國做市商達成掠奪性協議。

The tension has boiled over into a public rift between co-founders Rushi Manche, who was terminated by Movement Labs this month, and Cooper Scanlon, who stepped back from his CEO role but remains at the company.

緊張局勢已經歸結為聯合創始人拉什·曼奇（Rushi Manche）的公共裂痕，他本月被運動實驗室終止，庫珀·斯坎倫（Cooper Scanlon）退出了首席執行官職位，但仍留在公司。

“When we started Movement, I was the CTO — leading the engineering team. I left most business decisions, including the contracts, to Cooper,” Manche told CoinDesk when reached for comment. “When priorities changed, our roles changed, but Cooper’s decisions in the early days heavily shaped the way the launch went.”

“當我們開始移動時，我是CTO - 領導工程團隊。我將大多數商業決策（包括合同）留給了庫珀，” Manche在接觸置評時告訴Coindesk。 “當優先事項發生變化時，我們的角色改變了，但是庫珀在早期的決定就塑造了發射的方式。”

Shadow advisers

影子顧問

CoinDesk spoke to more than a dozen people familiar with Movement over the course of its investigation, including current and former employees who were granted anonymity so they could speak freely.

Coindesk在調查過程中與熟悉運動的十多個人進行了交談，其中包括被匿名的現任和前僱員，以便他們可以自由講話。

The agreements obtained by CoinDesk concern Sam Thapaliya and Vinit Parekh, both of whom played behind-the-scenes roles in shaping the project during its early stages. Together, they were allocated access to as much as 10% of the total MOVE token supply in signed memoranda of understanding that insiders say were intentionally kept off the books.

Coindesk獲得的協議關注Sam Thapaliya和Vinit Parekh，他們倆在幕後在塑造該項目的早期階段中扮演了幕後角色。他們共同分配了簽署的理解備忘錄中的總搬家供應量的10％，這是內部人士說有意拒絕書籍的備忘錄。

Thapaliya, the CEO of Zebec Protocol and an early advisor to Manche and Scanlon, was loaned 5% of MOVE’s supply for marketing and market-making purposes, according to one of the agreements obtained by CoinDesk. A second agreement allocated Thapaliya 2.5% of the token's total supply, worth more than $50 million at recent prices.

根據Coindesk獲得的一項協議，Zebec協議首席執行官，Manche和Scanlon的早期顧問Thapaliya被借給Move的營銷和營銷目的5％。第二項協議分配了Thapaliya的2.5％，佔代幣總供應量的2.5％，近期價格價值超過5000萬美元。

Movement Labs told CoinDesk the signed agreements with Thapaliya were not binding, but Thapaliya claimed the agreements "were never voided."

運動實驗室告訴Coindesk，與Thapaliya的簽署協議沒有約束力，但Thapaliya聲稱“從未做出任何協議”。

While framed as memoranda of understanding — normally considered non-binding — the agreements examined by CoinDesk also include provisions stating "both parties" must consent to their termination.

儘管通常認為是無約束力的理解的備忘錄，但Coindesk審查的協議還包括規定“雙方”必須同意其終止的規定。

"I plan on pursuing legally to exercise my claim to retrieve 2.5% of tokens," Thapaliya said.

Thapaliya說：“我計劃合法地行使我的主張以檢索2.5％的令牌。”

Employees at Movement referred to Thapaliya as a “shadow co-founder” and said he was often consulted by Scanlon and Manche for major decisions.

運動的員工將Thapaliya稱為“影子聯合創始人”，並說Scanlon和Manche經常向他諮詢他的重大決定。

His name also surfaced in internal communications regarding Movement’s deal with Web3Port. The Chinese market maker was later blamed for dumping $38 million in tokens after MOVE’s debut — an event that triggered a sell-off and Binance account bans.

他的名字也浮現在有關運動與Web3Port的交易的內部通訊中。這位中國做市商後來被指責為在Move首次亮相後將3800萬美元投入令牌 - 這一事件引發了拋售和Binance帳戶禁令。

The amount loaned to Web3Port, 5% of MOVE's supply, was identical to the amount loaned to Thapaliya per the agreement.

借給Web3Port的金額（佔Move供應的5％）與根據協議借給Thapaliya的金額相同。

When contacted by CoinDesk in advance of the initial investigation, Thapaliya denied having any financial interest in Movement Labs or the Movement Foundation. He also denied involvement in the Web3Port deal.

當Coindesk在初次調查之前與Coindesk聯繫時，Thapaliya否認在運動實驗室或運動基金會上具有任何經濟利益。他還否認參與Web3Port交易。

In later messages on Signal, Thapaliya told CoinDesk that his work with Movement was consistent with their agreement: “As per the contract signed in February 2023, I fulfilled the agreed terms by supporting Cooper [Scanlon] in exchange-related discussions, strategizing token allocation, assisting with market maker selection, and helping hire the team that audited his airdrop model.”

在以後的有關信號的消息中，塔帕利亞（Thapaliya）告訴科德斯克（Coindesk），他的運動工作與他們的同意一致：“根據2023年2月簽署的合同，我通過支持庫珀[Scanlon]進行交換相關的討論來實現同意的條款，在與交換相關的討論中，對代幣分配進行戰略分配，協助他選擇了他的航空公司模型。”

Memoranda of understanding

理解的備忘錄

The use of informal agreements to quietly allocate tokens to insiders reflects a broader pattern within the crypto industry, where large sums can change hands without appearing in official fundraising disclosures.

使用非正式協議將代幣分配給內部人士，這反映了加密貨幣行業中更廣泛的模式，在這種情況下，大筆款項可以易手移交，而無需出現在官方籌款披露中。

In 2024, CoinDesk reported that Eclipse — another project linked to Thapaliya — secretly allocated 5% of its token supply to an employee at Polychain, a major crypto venture firm that later invested in the project. Polychain is also an investor in Movement Labs. Eclipse's deal with the Polychain employee was scrapped following the publication of CoinDesk's investigation.

2024年，Coindesk報導說，Eclipse（與Thapaliya有關的另一個項目）秘密地將其代幣供應的5％分配給了PolyChain的員工，PolyChain是一家主要的加密風險投資公司，後來投資了該項目。 Polychain也是運動實驗室的投資者。在Coindesk的調查發布後，Eclipse與Polychain僱員的交易被報廢。

What these cases illustrate is not necessarily fraud, but the ease with which crypto startups can make significant financial commitments behind closed doors — commitments that can

這些案例說明的不一定是欺詐，而是加密貨幣初創公司可以在閉門造車後面做出重大財務承諾的便利性 - 可以