运动实验室，这家受丑闻的加密初创公司由唐纳德·特朗普（Donald Trump）的世界自由金融（World Liberty Financial）支持

甚至在其代币发布之前，机动实验室将Move的大部分供应供应给少数早期顾问 - 这些安排从未透露给投资者

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.

运动实验室是由唐纳德·特朗普（Donald Trump）的世界自由金融（World Liberty Financial）支持的加密货币初创公司，他承诺在未被发现的交易中向早期内部人士提供了大量的赌注，现在对谁真正拥有幕后权力提出了新的疑问。

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.

甚至在其代币发布之前，运动实验室将Move的大部分供应供应给少数早期顾问 - 这些安排从未向投资者披露，并且仅通过Coindesk审查的内部文件浮出水面。

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获得的两个商业备忘录（一个承诺每年近200万美元的顾问都承诺，这表明了2023年由两名20岁的Vanderbilt辍学者在2023年建立的运动如何在这些顾问身上依靠这些顾问，以在加密货币行业获得立足点。

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

运动实验室说，该协议在该项目成立后不久是探索性的，本质上是探索性的。

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.

尽管如此，协议的存在仍然是关于运动的混乱内部运作的新启示，在Coindesk上个月报道说，内幕营销协议使内部人员的倾销能力。

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.

该辐射引发了公司内部的指尖浪潮，其目的是根据分析师说激励掠夺性销售的条款，将运动转向与中国做市商达成掠夺性协议。

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.

紧张局势已经归结为联合创始人拉什·曼奇（Rushi Manche）的公共裂痕，他本月被运动实验室终止，库珀·斯坎伦（Cooper Scanlon）退出了首席执行官职位，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.”

“当我们开始移动时，我是CTO - 领导工程团队。我将大多数商业决策（包括合同）留给了库珀，” Manche在接触置评时告诉Coindesk。 “当优先事项发生变化时，我们的角色改变了，但是库珀在早期的决定就塑造了发射的方式。”

Shadow advisers

影子顾问

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在调查过程中与熟悉运动的十多个人进行了交谈，其中包括被匿名的现任和前雇员，以便他们可以自由讲话。

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获得的协议关注Sam Thapaliya和Vinit Parekh，他们俩在幕后在塑造该项目的早期阶段中扮演了幕后角色。他们共同分配了签署的理解备忘录中的总搬家供应量的10％，这是内部人士说有意拒绝书籍的备忘录。

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.

根据Coindesk获得的一项协议，Zebec协议首席执行官，Manche和Scanlon的早期顾问Thapaliya被借给Move的营销和营销目的5％。第二项协议分配了Thapaliya的2.5％，占代币总供应量的2.5％，近期价格价值超过5000万美元。

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

运动实验室告诉Coindesk，与Thapaliya的签署协议没有约束力，但Thapaliya声称“从未做出任何协议”。

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.

尽管通常认为是无约束力的理解的备忘录，但Coindesk审查的协议还包括规定“双方”必须同意其终止的规定。

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

Thapaliya说：“我计划合法地行使我的主张以检索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.

运动的员工将Thapaliya称为“影子联合创始人”，并说Scanlon和Manche经常向他咨询他的重大决定。

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.

他的名字也浮现在有关运动与Web3Port的交易的内部通讯中。这位中国做市商后来被指责为在Move首次亮相后将3800万美元投入令牌 - 这一事件引发了抛售和Binance帐户禁令。

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

借给Web3Port的金额（占Move供应的5％）与根据协议借给Thapaliya的金额相同。

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.

当Coindesk在初次调查之前与Coindesk联系时，Thapaliya否认在运动实验室或运动基金会上具有任何经济利益。他还否认参与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.”

在以后的有关信号的消息中，塔帕利亚（Thapaliya）告诉科德斯克（Coindesk），他的运动工作与他们的同意一致：“根据2023年2月签署的合同，我通过支持库珀[Scanlon]进行交换相关的讨论来实现同意的条款，在与交换相关的讨论中，对代币分配进行战略分配，协助他选择了他的航空公司模型。”

Memoranda of understanding

理解的备忘录

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.

使用非正式协议将代币分配给内部人士，这反映了加密货币行业中更广泛的模式，在这种情况下，大笔款项可以易手移交，而无需出现在官方筹款披露中。

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报道说，Eclipse（与Thapaliya有关的另一个项目）秘密地将其代币供应的5％分配给了PolyChain的员工，PolyChain是一家主要的加密风险投资公司，后来投资了该项目。 Polychain也是运动实验室的投资者。在Coindesk的调查发布后，Eclipse与Polychain雇员的交易被报废。

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

这些案例说明的不一定是欺诈，而是加密货币初创公司可以在闭门造车后面做出重大财务承诺的便利性 - 可以