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Movement Labs Severs Ties With Co-Founder Over Undisclosed Token Deals
Movement Labs Severs Ties With Co-Founder Over Undisclosed Token Deals
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Movement Labs, the developer behind the Movement blockchain network, has terminated its relationship with co-founder Rushi Manche following revelations of undisclosed token arrangements involving the project’s MOVE token. The decision was announced via the company’s official X account, effective immediately.
An investigative report uncovered opaque deals between Movement-affiliated entities and third-party market makers during the MOVE token’s launch phase. The company has yet to announce a successor or outline governance restructuring plans in the wake of Manche’s departure.
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