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Movement Labs has suspended co-founder Rushi Manche following a controversial market maker deal, prompting a third-party investigation and Coinbase’s delisting of MOVE. The decision comes amid scrutiny over the agreement brokered by Manche with Rentech and Web3Port.
- Movement Labs suspended co-founder Rushi Manche over a disputed market maker deal involving Rentech and Web3Port.
- Coinbase delisted MOVE token, citing failure to meet listing standards amid the controversy.
- Private intelligence firm Groom Lake is investigating the deal's terms and potential misconduct.
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