#Movement #MOVE #DeFi #Scam ☠️
$141M raised, $500k declared - the blueprint for a clean exit
🚫 $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.
As long as no one faces charges for this, the playbook repeats. The founder isn't a fraudster - just an "unlucky startup guy." 🤡
➡️Crouton.digital | About us⬅️
$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. The $141M is nowhere in the filing. The right vehicles hold the money; the empty shell takes the hit.
As long as no one faces charges for this, the playbook repeats. The founder isn't a fraudster - just an "unlucky startup guy." 🤡
➡️Crouton.digital | About us⬅️