Movement Labs, the blockchain development firm behind the Movement Network Layer 2 project, has officially suspended its co-founder, Rushi Manche, following mounting controversy surrounding the project’s token market activity and governance practices.
Governance Review Triggers Action
The decision to suspend Manche was made public on May 2 through a statement on X.com. The company stated,
“We confirm that Rushi Manche has been suspended from Movement Labs. This decision was made in light of ongoing events and as the third-party review is still being conducted by Groom Lake regarding organizational governance and recent incidents involving a market maker.”
This development comes as Movement Labs faces heightened scrutiny after reports surfaced of serious market manipulation tied to its MOVE token. A third-party governance review remains underway as the company works to address concerns about internal oversight and operational integrity.
Market Manipulation Allegat
We współpracy z: https://cryptodaily.co.uk/2025/05/movement-labs-suspends-co-founder-over-token-dump-turmoil
