Movement Labs, following the termination of one of it's cofounders Rushi Manche, stated the need for a "clean brake" from it's controversy regarding it's token dump and anounced the launch of Move Industries, a new company, which will replace Movement Labs and continue the projects with a focus on community and developers

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May 7, 2025

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Within minutes, the platform announced the launch of Move Industries, a new company rising from the wreckage of the project.
In addition to terminating Manche, Movement Labs announced the launch of Move Industries, with former Movement Labs employees Torab Torabi as the firm’s CEO and Will Gaines as its chief marketing officer. “In light of recent news, we needed a clean break. Movement started with the community and our builders,“ the announcement stated.
Amid the chaos, Move Industries has insisted that “all previously announced initiatives are moving forward,” including MoveDrop, Parthenon, DeFi Spring, and “major updates to the network.”

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Week 19 of 2025
05/07/2025

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Rebranding and new leadership

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