Movement co-founder suspended over misconduct launches $100M fund

Rushi Manche, a co-founder of Movement (MOVE) who was previously suspended over allegations of misconduct, has launched a new investment initiative called Nyx Group, The Block reported exclusively. The group plans to invest up to $100 million to support projects preparing for token issuance. Nyx Group intends to provide practical operational support, including regulatory compliance and community building, in addition to direct funding. Manche was suspended from Movement Labs in May amid an investigation into market maker misconduct.