Scandal in This Altcoin: Tokens Distributed Through Secret Agreements – Price Reacts

By: bitcoin sistemi|2025/05/16 01:00:11

Scandal in This Altcoin: Tokens Distributed Through Secret Agreements – Price Reacts Details of scandalous developments in a surprise altcoin are increasing. They distributed a large amount of tokens with secret agreements. It has been revealed that Movement Labs, a cryptocurrency startup funded by Donald Trump-backed World Liberty Financial and recently in the news with scandals, secretly allocated a significant portion of MOVE tokens to some early-stage advisors. Leaked internal documents have raised serious questions about the balance of power within the company over these deals that were kept secret from investors. Even before the token was launched, it was learned that Movement Labs allocated a large portion of the MOVE supply to a small number of advisors, and these agreements were not disclosed to investors. In two separate business memos written by the company's founders in 2023, it is seen that a single advisor was offered approximately $ 2 million worth of tokens annually. Although the company claims that these agreements are not binding and are made for exploratory purposes, the existence of the documents reveals the chaos in the company's internal workings. Following the developments, co-founder Rushi Manche was fired from the company this month, while fellow co-founder Cooper Scanlon stepped down as CEO but remained with the company. “When we founded the company, I was CTO and led the engineering team. I left most of the business deals to Cooper,” Manche said in a statement. Among the names mentioned in the leaked documents are Zebec Protocol CEO Sam Thapaliya and Vinit Parekh. Both men played an influential role behind the scenes in the company’s early strategies. According to insiders, the two men were given access to up to 10% of the total MOVE supply through secret memorandums of understanding signed between them. Thapaliya was “lent” 5% of the MOVE supply for market making and marketing activities, while another deal allocated an additional 2.5%. The current value of this amount exceeds $50 million. While Movement Labs claims that these agreements are not binding, Thapaliya denied this claim and stated that he will take legal action: “These agreements were never invalidated. I will legally claim my right to 2.5% tokens.” *This is not investment advice.

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins