Movement Labs co-founder Rushi Manche has left the team and, together with several undisclosed partners, launched a new multi-strategy investment plan called Nyx Group. Nyx Group plans to invest up to $100 million in liquidity markets, with a focus on projects preparing to issue tokens. Previously, Manche was suspended and later dismissed from Movement Labs due to market-making controversies involving 66 million MOVE tokens (approximately 5% of the supply). (The Block)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Movement Labs co-founder Rushi Manche has left the team and, together with several undisclosed partners, launched a new multi-strategy investment plan called Nyx Group. Nyx Group plans to invest up to $100 million in liquidity markets, with a focus on projects preparing to issue tokens. Previously, Manche was suspended and later dismissed from Movement Labs due to market-making controversies involving 66 million MOVE tokens (approximately 5% of the supply). (The Block)