Movement Labs suspends co-founder following MOVE market turmoil

From Cointelegraph
May 2, 2025 5:53 am:

Movement Labs co-founder Rushi Manche suspended due to market maker deal controversy. Coinbase suspended Movement Network (MOVE) trading. Third-party review requested by Movement Network Foundation. Groom Lake investigating. Web3Port sold 66 million MOVE, causing $38 million price drop. Market makers can make or break crypto projects. Up to 78% of new token listings poorly conducted. Lawsuits claim market maker manipulation. Celsius Network creditors allege Wintermute wash trading. Fracture Labs sues Jump Crypto for pump-and-dump scheme. Binance’s DWF Labs accused of market manipulation. CLS Global fined for fraudulent trading volumes. Gotbit founder extradited to US for market manipulation charges.

Read more at Cointelegraph.: Movement Labs suspends co-founder following MOVE market turmoil