$MOVE 🚨 Movement Labs Terminates CEO & Co-Founder Rushi Manche

Rushi Manche, former key executive at Movement Labs, has been sacked amid allegations of power abuse. He was accused of pushing a deal with a market maker, later banned by Binance for manipulating $MOVE prices, prompting Coinbase to temporarily halt trading of the token.

Movement Labs assures that operations will proceed under new leadership, with details on the revamped team and governance structure to be shared soon.

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