Movement Labs Suspends Co-Founder Amid MOVE Token Scandal

Quick Summary:

Movement Labs, a blockchain infrastructure company, announced the suspension of its co-founder, Rushi Manche, on May 2, 2025.

The decision comes amid investigations into the governance of the organisation and a scandal involving token dumping that has significantly affected the MOVE token’s market performance.

In reaction to the accusations, big exchanges have moved quickly.

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Article Details

Author / Journalist: Zayan

Category: Crypto

Markets: United Arab Emirates

Topics: Altcoin Market Updates Market News Movement

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 08:41:30 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 285 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28320256

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