Movement Labs Cuts Ties with Co-Founder Amid Restructuring

Movement Labs has abruptly terminated its relationship with co-founder Rushi Manche, marking a pivotal shift for the blockchain infrastructure firm. The company’s terse statement confirmed the immediate severance, citing undisclosed reasons for the decisive action.

Leadership has now transferred to Move Industries, a newly formed entity backed by Movement Labs’ remaining co-founders. Torabyou assumes the CEO role while livingwithwill takes helm as Chairman and CMO, suggesting a strategic pivot in operational and marketing directions.

The restructuring follows undisclosed controversies that precipitated significant losses, though the MOVE token’s market reaction remains unstated. This development underscores the volatility inherent in blockchain ventures during their formative stages.