Sam Thapaliya speaks out against Coindesk, denying allegations regarding the shadow founder of Movement.

The controversy surrounding Movement continues to escalate. Although the core team has established Move Industries to take over the operation of the public chain, the allegations reported by Coindesk are still developing. Recently, the shadow founder of Movement, who was accused by CoinDesk, also came forward to respond.

(What happened in the Movement? Dragonfly learned a lesson, Wintermute calls for the industry to establish a market maker disclosure mechanism)

Cooper had collaborated with Sam before Movement.

Sam Thapaliya stated that he met with Cooper at Vanderbilt University long before the establishment of Movement, proposing to use Move to incubate a project, which is Satay. Satay is a yield aggregator, where Sam Thapaliya provided funding support and helped it get started. This was also the starting point for Cooper's entrepreneurship.

( Interview with Movement co-founder Cooper, revealing plans to establish a regional center in Taiwan and exclusively sharing the story of dropping out to start a business ).

Before joining Rushi, Sam was a valuable assistant to Cooper.

Movement was originally founded by Cooper, who said that before Rushi joined the team, Cooper relied on Sam Thapaliya's advice, from fundraising to tokenomics to emotional support. When Rushi joined Movement and led the technology team, he no longer worked as a consultant to Cooper, focusing instead on the Go To Market. It wasn't until he got closer to TGE that he began working closely with Cooper again, specifically advising on upcoming airdrops.

Sam THapaliya accuses the Movement airdrop of being a bit strange.

When the team realized that the dataset they originally relied upon did not accurately reflect the usage of the testnet, Cooper commissioned Sam Thapaliya to find a data science team to audit the proposed airdrop dataset based on the testnet usage. Due to numerous issues with the dataset, he suggested to Cooper that the rewards for all airdrop participants be distributed more evenly. However, Cooper was very insistent that a specific 75,000 wallets receive the highest tier of token allocation. Sam noted that these wallets claimed the airdrop that day and sold off 60 million $MOVE.

When the team realized that 75,000 wallets had issues, he suggested again that we lower the rewards to mitigate the impact of token dumping. However, Cooper took the opposite approach and chose to increase the withdrawal fees, resulting in no other users claiming the airdrop except for the rewards surge from these 75,000 wallets. Due to the rising withdrawal fees, many believed that the fees were even higher than the token value, leading them to choose to claim on the mainnet. The problem is that the mainnet has been delayed for more than a month and has not been launched as planned.

Sam Thapaliya denies the allegations made by CoinDesk.

Sam Thapaliya stated that CoinDesk's description of him is incorrect. About three years ago, Cooper sought his help, and he invested a lot of time and energy to assist Cooper, Rushi, and the team to make Movement a great success. In return, I was publicly attacked and lost many opportunities and social capital. He mentioned that he has invested a significant amount of time and energy over the past three years to help kickstart Movement. Yet, he received nothing in return.

In this article, Sam Thapaliya comes forward to refute the accusations regarding the shadow founder of Movement, which first appeared in Chain News ABMedia.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments