Rentech, allegedly posing as an affiliate of Chinese trading firm Web3Port, executed the dump, despite legal concerns flagged by Movement’s own counsel.
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Movement Labs Terminates Co-Founder Rushi Manche Following Chaotic Week
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Rushi Manche allegedly orchestrated a market maker agreement in December 2024 with Rentech, a firm that presented itself as an affiliate of Chinese market maker Web2Port, granting it access to 66 million MOVE tokens
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