Movement Labs announced termination of one of it's co-founders Rushi Manche due to his alleged relation to 66 mln Movement token sale right after the listing

Event date

May 7, 2025

Quotes that support claims

Movement Labs confirmed the termination of its co-founder, Rushi Manche, following controversy over a market maker deal that he brokered. Movement Labs made the announcement in a May 7 X post, stating it had “terminated Rushi Manche.”

“Movement Labs has terminated Rushi Manche. Movement will continue under different leadership,” the team posted early Wednesday on X.

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Week 19 of 2025