# Movement Labs Fires Co-Founder Rushi Manche

*Author: Bankless*
*Published: May 7, 2025*
*Source: https://www.bankless.com/fr/read/movement-labs-fires-co-founder-rushi-manche*

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Movement Labs terminated co-founder Rushi Manche over undisclosed MOVE token deals, shaking confidence and plunging token prices.

## **What’s the Scoop?**
- **Leadership Termination**: Movement Labs has severed ties with co-founder Rushi Manche following undisclosed token deals and governance concerns.
- **Token Market Impact**: MOVE token prices dropped 8.5% in the past 24 hours as news of Manche’s termination spread.
- **Governance Controversy**: CoinDesk reports exposed secret agreements, shadow advisors, and hidden payment flows tied to the MOVE token launch.
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