Movement Labs Overhauls Leadership, Rebrands After Market Maker Scandal

Movement Labs has undergone a significant restructuring following a market maker scandal that led to the termination of co-founder Rushi Manche. The protocol has rebranded as Move Industries and appointed new leadership. The company will now be led by Torab Torabi as CEO, alongside Will Gaines as President and Chief Marketing Officer. 20% drops in token price have been observed following the market maker scandal.