Rushi Manche Launches $100M Crypto Fund Through Nyx Group Post-Movement Labs Scandal
Disgraced Movement Labs co-founder Rushi Manche resurfaces with a $100 million crypto investment vehicle under Nyx Group, targeting liquid market deployments and founder support. The initiative restricts participation to founders vetted by Nyx's inner circle, with partner details promised for future disclosure.
The multi-strategy fund aims to fill what Manche calls "critical gaps" in founder financing during market downturns. Nyx will provide operational scaffolding including investor outreach, foundation setup, and strategic partnerships alongside capital injections.
"We're matching trusted founders with resources to launch transformative tokens," Manche stated, framing the MOVE as a response to crypto's "new chapter of opportunity and uncertainty." The fund aggregates capital from undisclosed partners and family offices.
