FROM BUILDER TO "BUILDER" $MOVE AND THE NEW MOVEMENT OF NYX GROUP Rushi Manche @rushimanche - a talented individual, but like many others, he follows the cycle of building a project, Dump it, and using the proceeds to fund a crypto venture. Specifically, here's how it went: 1. Starting with a very good profile. Rushi Manche's family does charity work in India, he has an excellent academic record, near-perfect SAT scores, and once dropped out of school early to pursue crypto full-time. 2. He was actually a builder for Aptos 2022. - Rushi Manche was formerly a Smart Contract developer at Aptos, and also wrote Move for Kairos Exchange and Mira Finance. He has a deep interest in distributed systems and modular blockchain, making him a passionate builder at this time. 3. Movement Labs 2022–2024 He co-founded Movement Labs with Cooper Scanlon, raised over $40 million (pre-seed + Series A), and positioned MOVE as the Move ecosystem on Ethereum. - During the build process, Move was criticized by Aptos for allegedly copying Aptos's language. Furthermore, the project was quite vague about its development direction, sometimes building L2 and sometimes including L1, leading to the inability to build a mainnet. 4. Movement's Scandalous Points - The internal memo shows a deal market making with Web3Port & Rentech, allowing market makers to control approximately 66 million moves, directly injecting Token Sale into liquidity. - When MOVE launched, the Web3Port-related wallet sold approximately 66 million MOVE tokens (approximately $38 million USD), leading Binance to report insider selling from market makers and ban Web3Port, and Coinbase to halt Token trading. - Sushi was suspended from his duties on April 30, 2025, and dismissed on May 7, 2025, as part of a governance restructuring. - In July 2025, Rushi was sued in a civil case in Delaware, but the trial ended without a public verdict => It is possible the case was settled. => MOVE's price dropped by approximately 97%, Movement Labs changed its name to Move Industries, replaced the entire leadership, and the project is practically "dead". 5. Currently, December 2025 - Nyx Group launch. He founded Nyx Group, a publicly announced size of up to $100 million, to Vai Token launches and liquidation. - A new fund has been established, but will the "blemishes" from the old project soon be forgotten? What will Nyx's future projects be like?