Movement Labs has suspended its co-founder, Rushi Manche, amid allegations of a significant token dump that saw 66 million MOVE tokens sold for $38 million in USDT. This action has triggered market responses and trading restrictions from major exchanges like Coinbase. The move highlights the ongoing challenges within decentralized finance (DeFi) regarding governance. Rushi Manche is under investigation following claims of unauthorized token sales, prompting further scrutiny on Movement Labs. The incident has resulted in a dramatic decline of approximately 80% in the value of MOVE tokens since early 2025, leading to trading suspensions across major exchanges like Coinbase. This highlights the delicate balance that exists within decentralized finance projects and the importance of transparency and accountability in their governance structures. The investigation by Groom Lake will determine if any regulatory or technological consequences arise from this event, setting a precedent for future blockchain project protocols.