#Movement #MOVE #DeFi #Scam ☠️

Korean Alpha EN (@korean_alpha_en), Jul 23, 2026, 14:45 UTC

#Movement #MOVE #DeFi #Scam ☠️ $141M raised, $500k declared - the blueprint for a clean exit Movement Labs is no longer a "failed startup." It's a template: how to extract venture capital and walk away clean on paper. 🚫 $141M raised from top funds, listed at a $3B valuation. On debut day, market maker Web3Port through shell Rentech took control of 66M MOVE (~5% supply) and dumped - $38M of sell pressure, token down 94%+. Co-founder Rushi Manche fired. Coinbase and Binance halted trading. 🧑‍⚖️ The Chapter 11 filing covers a single entity with $100k-$500k in assets. Not the whole structure…

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