Movement Labs and Movement Network are conducting an investigation following last month’s market maker issues, Blockworks claim that according to multiple sources they've spoken to, co-founder Rushi Manche took a temporary leave from the company for an undetermined amount of time

Movement Labs and the Movement Network Foundation launched an internal and third-party review after Binance removed an unnamed market maker over alleged misconduct tied to MOVE token trading activity. Blockworks reported that the probe is focused on “recent events” around market-maker abnormalities, with the company saying operations continued normally while the review was underway. The investigation comes after Binance said it had offboarded a market maker linked to suspicious MOVE activity, and after earlier reporting tied the matter to Web3Port. Blockworks also reported that Movement Labs co-founder Rushi Manche took a temporary leave of absence of unspecified length, based on multiple sources; the company had not publicly detailed the personnel change in the cited report. The issue matters because market-making arrangements can materially affect token price discovery, liquidity, and exchange trust, especially for new networks. In Movement’s case, the scrutiny has already drawn in major exchanges and intensified questions about governance, disclosure, and how token distribution agreements were structured around MOVE’s launch and early trading.

✨ AI-generated background, compiled from web sources — not editorial content.

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