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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December 1, 2024

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Rentech, allegedly posing as an affiliate of Chinese trading firm Web3Port, executed the dump, despite legal concerns flagged by Movement’s own counsel.
The termination comes after a recently announced third-party review requested by the Movement Network Foundation into an agreement orchestrated by Manche with Rentech. Rentech then helped broker an agreement with market maker Web3Port.

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12/01/2024
Week 49 of 2024