Shocking! Movement Labs suddenly fires CEO, the insider story is astonishing!

Rushi Manche, the CEO and co-founder of Movement Labs, was dismissed for alleged abuse of power. It is reported that he made a deal with a market maker that was banned by Binance for market manipulation, leading to Coinbase temporarily halting trading of that token.

Movement Labs stated that despite the changes in leadership, operations will continue, and they promise to announce a new team and governance structure soon.