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BTCC / BTCC Square / Global Cryptocurrency /
Movement Labs Severs Ties with Co-Founder Amid MOVE Token Controversy

Movement Labs Severs Ties with Co-Founder Amid MOVE Token Controversy

Author:
Global Cryptocurrency
Published:
2025-05-07 06:00:02
10
2

Movement Labs has terminated its relationship with co-founder Rushi Manche following revelations of undisclosed deals tied to the MOVE token launch. The decision, announced via the firm’s X account, comes in response to a CoinDesk report exposing secret agreements between Movement-linked entities and market makers.

Internal documents revealed shadow advisors, hidden payment flows, and undisclosed token allocations during MOVE’s debut. Manche was directly implicated in these arrangements. The company has not yet announced a replacement or detailed plans for governance restructuring.

|Square

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