Movement Labs announced on X that it had suspended co-founder Rushi Manche on May 2, 2025, citing ongoing governance concerns and an active third-party investigation

Event date

Friday, May 2, 2025

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Movement Labs announced today on X that it had suspended co-founder Rushi Manche.

Movement Labs confirmed that its co-founder, Rushi Manche, has been suspended from the organization following a market-making scandal

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

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