Movement Labs Terminates CEO Rushi Manche After $38M $MOVE Sell-Off, Rebrands as Move Industries with Torab Torabi as CEO

By: defi news|2025/05/09 01:30:02

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Movement Labs has terminated its CEO and co-founder Rushi Manche following a $38 million sell-off of its $MOVE tokens. The company has rebranded as Move Industries and announced a new leadership structure. Torab Torabi has been appointed CEO, and Will Gaines will serve as President and Chief Marketing Officer. The rebranding and leadership changes come after a turbulent period for the company. Separately, Saronic announced leadership changes with co-founders Doug Lambert and Vib Altekar assuming the roles of Chief Operating Officer and Chief Technology Officer, respectively.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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