Movement Lab, which was delisted by Coinbase following allegations of operation and recently at the heart of the controversy, has concluded an ongoing event.
Following the decision to delist Coinbase, Movement Labs announced it has suspended co-founder Rushi Manche due to a market manipulation scandal.
Now, Movement Labs has announced that co-founder Rushi Manche has been fired for inappropriate behaviour.
The Altcoin team noted that further details about leadership changes and improved management structures would soon be shared.
“Movement Lab has removed Rushi Manche. The move will continue under different leadership.
Details on leadership changes and updated management structures will be released soon. ”
Binance postponement will move airdrops!
Movement Labs announced its layoffs and Binance also announced it had postponed Move Airdrop.
In an official statement, Binance announced that it had postponed Hodler Airdrops for Movement (Move) until it became clearer ongoing progress on the project.
“Initially, in December 2024, Binance announced that it would launch an additional Hodler airdrop (5% of total supply) for the move, about six months after the initial spot list.
With the continued development of the athletic project, we have decided to postpone the Hodler Airdrops move until the project becomes more clear about the situation. ”
As you may remember, the incident was first revealed by Binance. Binance discovered that most of the Move Tokens are sold by a market maker named Rentech. Binance later revealed that market makers manipulated the mobile prices.
*This is not investment advice.
