Movement Labs quickly cuts co-founders, insider trading of MOVE tokens triggers major shake-up

MOVE Token Black Box OperationIcions Severely Damage Project's Reputation

Blockchain startup Movement Labs is facing a major governance crisis. After being exposed for secret agreements and undisclosedgedlosed flows involving its token MCOMPANY cut ties with co-founder Rushi Manche, immediately firing him. the him. The This has led to strong community backlash, with MOVE's price plummeting, and the company has yet to announce a subsequent governance restructuring plan.

Rushi Manche Dismissed Labs Cuts Ties

Movement Labs issued a statement, officially announcing the it has terminated all all employment relations and company company connections with Rushi Manche. The statement reads: "Movementent Labs has immediately terminatedUshiAnche's position position and all company relations with the company."." Despite the dismissanche's dismissLabs announced a or provided specific details about future governance structure adjustments.

Media Exposes Shadow Consultant and Secret Sharing

This controversy stems from a CoinDesk in-depth report, that revealed secret agreements between Movement--related entities and market makers,, including undisclosed consultant roles,, arrangements, details of. According to internal documents and and investor correspondence obtained by CoinDesk, Rushi Manche was directly implicated in these arrangements.

oinp>Cskations that SIGNIFICANT transparency issues from its initial issuance,ading market and sparking widespread dissatisfaction.

(MOVE Token Crashes Upon Listing! CoinDesk Exposes Market Maker Profit Sharing, Movement Claims Victim Status)

Coinbase Delists MOVE Token, Social Company strong span>

On cointhe delisting THE 2further intensifying external distrust in Movementement of Movement Labs' operational methods. damaging the's value and turning the previously supportive community into strong critics. Action followed community questions about governance transparency and behind-the-scenes transactions, indirectly leadinguring toanche's p suspension and ultimate dismissal.

MOVE Token Price Plummets, Market Confidence Critically Endangered

Following the news ofAnche Dismissal, the MOVE token plummeted 8.5% within 24 hours and dropped by as much as 35% over the past week. Reflects severe damage to investor confidence in the direct Movement project, demonstrating the direct impact of governance chaos.

The market is currently closely watching how Movement Labs will will reorganize its internal governance structure, rebuild community, trust a new leadership core core toize the situation.

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