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The Movement Labs scandal exposed more than just one bad deal – it pulled back the curtain on a widespread problem in crypto: how some market makers, founders, and VCs play games to make money — whether the project succeeds or not.
In this episode, Laura speaks with José Macedo of Delphi Labs, Omar Shakeeb of SecondLane, and Taran Sabharwal of STIX to explain:
- How market makers are supposed to work, and how they operate in crypto
- Why insider selling is more common than you think
- How projects like Movement, Mantra, and others exploit launch day hype
- Whether VCs often enable this behavior with side deals that retail never hears about
- And what the industry needs to do to fix this broken system
Thank you to our sponsors!
EPISODE TRANSCRIPTGuests:
- José Macedo, founder at Delphi Labs
- Omar Shakeeb, cofounder of SecondLane
- Taran Sabharwal, founder and CEO of STIX.
Links
Movement Labs:
- Unchained: How MOVE’s Contracts Put a Pump and Dump Into a Legal Agreement
- CoinDesk: Inside Movement’s Token-Dump Scandal: Secret Contracts, Shadow Advisers and Hidden Middlemen
Market making:
