The startup is facing scrutiny as insiders allegedly benefited from undisclosed agreements, which raised concerns about a lack of transparency to investors. Internal documents reveal informal agreements to allocate tokens, igniting public outrage.
Co-founders Rushi Manche and Cooper Scanlon are embroiled in a public blame game, reflecting flaws in decision-making and predatory agreements. The fallout has eroded Movement’s reputation, resulting in a sharp decline in token price.
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