Movement Labs Co-founder Rushi Manche Suspended Amid Market Review

Movement Labs has suspended co-founder Rushi Manche following an investigation by Groom Lake into market incidents and governance practices. This action follows a significant $38 million sell-off of the MOVE token, raising concerns about internal oversight within the platform. 💰 The move aims to ensure the integrity of Movement Labs amid market volatility. 📈 A strategic buyback effort subsequently addressed liquidity challenges, but community members have called for increased transparency and regulatory intervention in response to these events.