Movement Labs Suspends Co-Founder Rushi Manche Amid MOVE Token Issues
Movement Labs has suspended co-founder Rushi Manche amid ongoing issues with the MOVE token. Key points include:
- Coinbase has delisted the MOVE token.
- The suspension follows an investigation into the acquisition and dumping of over 5% of the token’s supply by a market maker linked to Web3Port.
- This incident led to a price crash of the token.
- Binance previously banned Web3Port from its platform.
- The MOVE token has dropped approximately 20% today.