Movement Labs has announced a significant organizational shift with the launch of Move Industries, a new entity formed by two core contributors. This strategic move is designed to streamline operations while sharpening the company’s focus on its blockchain’s foundational goals.
As part of this reorganization, Torab Torabi will take on the role of CEO of Move Industries, with Will Gaines appointed as President and Chief Marketing Officer and Young Yang Liauw continuing to lead engineering. Liauw, a seasoned blockchain expert, brings substantial experience from his work at Aptos, Novi, and Meta’s Libra project, strengthening Move Industries’ technical leadership.
The newly restructured company is now organized around three primary pillars: Community/Brand, Engineering/Product, and Ecosystem/Business Development. Move Industries has committed to prioritizing transparency and governance, promising a stronger focus on board oversight and a clearer decision-making process to ensure sustainable growth.
“This marks a defining moment for us,” said Torabi.
“We’re fully invested in enhancing performance, boosting community engagement, and driving on-chain activity. Our ecosystem builders remain the core of our mission, and we’re committed to supporting their success.”
This leadership transition also comes with significant personnel changes. Movement Labs has officially suspended Co-founder Rushi Manche amid an ongoing investigation into a market manipulation scandal involving one of the company’s former market makers.
Co-founder Cooper Scanlon is stepping down and handing leadership to Torabi. Scanlon supports the new leadership team’s vision for the Movement Network.
Gaines highlighted a focus on core values within the crypto industry, reaffirming commitment to decentralization, innovation, and creating human-centred systems with Move Industries.
Move Industries is positioning itself as a “community-first” leader in the Move-based blockchain space. By focusing on both technological advancement and grassroots engagement, the company intends to continue building on its founding mission: creating a world-class ecosystem that prioritizes the needs of its community while paving the way for future growth.
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