Movement Labs announced that it immediately terminated its relations with the founding partner Rushi Manche because of the secret agreement scandal. The company’s announcement came after the huge losses.
Movement Announcement
The statement was informed that the company ended its entire relationship with Rushi Manche.
“Movement Labs immediately terminated Rusi Manche’s relationship with the company.” – Movement Labs
Authorities also shared the details of the next steps.
“We are Move Industries. Movement is now under a new leadership. Today a new era begins!
Who’s behind Move Industries? Movement Labs’s first employees, including two founding leaders of Move Industries: Torabyou (CEO and Movement Ecosystem Architect), Livingwithwill.
Why should we establish a new company? In the light of the latest news, we needed a clean break and we’re going back to our roots. The new leadership team is transparency, presented meetings and more meticulous management.
We will go back to the radical roots of the crypto. We want to create better opportunities for people. What’s next?
Movedrop
Parthenon
Big Technology Upgrades
Move had a revolution. Soon you will hear much more than us. “
Recently, Move Token During the launch, secret agreements were made between the parties linked to the company. In the internal documents and investor correspondence examined, shadow consultants, hidden payment flows and non -notified token allocation were reported. Rushi Manche was directly responsible for all of this and no longer exist.
Move Token Price
Token price was a loss of 2.5 %in the last 24 hours, 35 %decrease in the last week. It is clear that these developments have negative effects on the market. The company plans to develop a new strategy in order to restructure corporate governance. However, time will show how much it is adopted by the community. It is difficult to mention that the risks for Move Token ends without seeing how long the word “return to the essence öz will be held in the first part.
After the Move Token launch, the concerns about the pressures from the community and the transparency of operations paved the way for the mass delist. The stable price after the launch in December shows how cruel Rusi Manche is.
As you can see in the graph above, the price fell steadily in 148 days and experienced more than 88 percent loss from the summit.
While developments, corporate transparency and audit issues in the sector, while the new strategies are expected to be identified and put into practice in the future.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
