The claims that some tokens that should be locked in Sui, whose trading volume has exceeded Solana and whose popularity has increased recently, were sold on the open market, confused them.
The Sui Foundation announced in its latest blog post that it is investigating these allegations and ending its partnership with the decentralized exchange MovEx after confirming their accuracy.
According to the statement made by Sui, MovEx moved 2.5 million SUIs, which were delivered to it and should be kept locked, to other wallets in violation of the contract.
Upon MovEx Sui's awareness and request, it returned 2.5 million SUI tokens to an authorized wallet that will unlock according to the lock plan.
The Sui Foundation stated that it has terminated its relationship with the MovEx team and that SUI tokens will no longer be distributed to MovEx.
In the statement, it was stated that all of the locked tokens are kept in the accounts where they will be distributed in accordance with the lockdown conditions.
“Non-circulating tokens cannot be used on the network except for staking purposes until they are released. Most of the early contributors to Sui, including those who bought tokens through the Community Access Program, received tokens that were subject to a lockdown period announced in the token issuance program.
We found that MovEx, which received 2.5 million SUIs from the Sui Foundation and is subject to a contractual lockdown, violated the lockdown by sending 625K SUIs to three wallets.
Following these events, the Sui Foundation terminated its relationship with the MovEx team.”