{"id":"rushi-manche","title":"Rushi Manche","content":"**Rushi Manche** is a software engineer and entrepreneur focused on [blockchain](https://iq.wiki/wiki/blockchain) development and the Move programming language. He co-founded [Movement Labs](https://iq.wiki/wiki/movement-network), integrating Move with [Ethereum](https://iq.wiki/wiki/ethereum) and improving [smart contract](https://iq.wiki/wiki/smart-contract) security. [\\[1\\]](#cite-id-CX5bpbsARo)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=G3yPVfyMAj0)$$\n\n## Career\n\nManche worked as an accountant at Friendly Tax Service from 2017 to 2020, managing client records in Excel, handling e-filing through TurboTax, and responding to client inquiries. In 2020, he joined EndCoronavirus.org as a frontend developer, contributing to UX/UI design using Next.js, GraphQL, and Node.js, developing real-time data visualizations in Python, and creating content for social media.\n\nIn 2021, he worked as a full-stack developer for AntEater, integrating Jira OAuth, utilizing the Jira API for AI tax timesheets, and developing frontend and backend components with Vue.js and Flask. That same year, he worked as a freelance full-stack developer for Stories In The Cloud, updating the user portal with React and Bootstrap, managing DevOps through AWS, and transitioning a PHP backend to Node.js with MySQL integration.\n\nIn 2022, he worked as a software engineer at UnitedHealth Group, migrating APIs to AWS cloud infrastructure and transitioning tech stacks to optimize scalability and cost-efficiency. He also founded Ensemble, an AI-powered tutoring platform that provides test preparation resources. Later that year, he worked as a software engineer for [Aptos Projects](https://iq.wiki/wiki/aptos), developing Move [smart contracts](https://iq.wiki/wiki/smart-contract) for a [decentralized exchange](https://iq.wiki/wiki/decentralized-exchange) and cross-chain index funds. In November 2022, he co-founded [Movement Labs](https://iq.wiki/wiki/movement-network) alongside [Cooper Scanlon](https://iq.wiki/wiki/cooper-scanlon), working on [blockchain](https://iq.wiki/wiki/blockchain) development initiatives. [\\[2\\]](#cite-id-pnnWfG1cln) [\\[3\\]](#cite-id-bWSMZW5zDg)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=l-e0dx75s3k)$$\n\n## Interviews\n\n### Launching a Token\n\nOn the Cryptonews Spotlight YouTube, Manche discussed the launch of the $MOVE token, detailing the challenges of launching a token, including [airdrop](https://iq.wiki/wiki/airdrop) distribution, exchange listings, and market sentiment. He highlighted that while the team aimed to execute all three factors effectively, they were uncertain about the launch’s outcome. Despite initial skepticism toward the Move programming language, [Movement Labs](https://iq.wiki/wiki/movement-network) positioned itself as a leader in the Move ecosystem by focusing on community building and adoption. Manche emphasized that the project seeks not to compete with other chains but to expand Move’s presence, particularly within [Ethereum](https://iq.wiki/wiki/ethereum). While initially identifying as an [Ethereum](https://iq.wiki/wiki/ethereum) [Layer 2](https://iq.wiki/wiki/layer-2), he acknowledged that [Movement Labs](https://iq.wiki/wiki/movement-network) now leans toward an [L1](https://iq.wiki/wiki/layer-1) narrative. He also noted that the [crypto](https://iq.wiki/wiki/cryptocurrency) industry's competitive landscape often focuses on internal rivalries rather than broader growth, which he sees as a fundamental mistake. [\\[4\\]](#cite-id-it7lwJsdKP)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=juSyMHnfnE4)$$\n\n### About $MOVE Launch\n\nOn the Empire podcast, Manche discussed how [Movement Labs'](https://iq.wiki/wiki/movement-network) token launch was a highly stressful period, with last-minute decisions and unpredictable market conditions shaping the process. He described the launch strategy as balancing three key elements: the [airdrop](https://iq.wiki/wiki/airdrop), sentiment, and ecosystem readiness. Unlike traditional stock IPOs, [crypto](https://iq.wiki/wiki/cryptocurrency) token launches involved uncertainties with exchange listings, market makers, and investor expectations, often finalized only hours before launch. The [Movement Labs](https://iq.wiki/wiki/movement-network) team faced intense pressure, working long hours and experiencing significant burnout. Manche emphasized that timing played a crucial role, with favorable market conditions influencing the decision to proceed. Despite the challenges, he believed the launch was successful, attributing it to preparation and luck. He also reflected on [Movement Labs'](https://iq.wiki/wiki/movement-network) origins, recalling the financial struggles of its early days and highlighting the importance of community in building a [blockchain](https://iq.wiki/wiki/blockchain) ecosystem. [\\[5\\]](#cite-id-4303poSMzD)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=FSpnZz_azTc)$$\n\n### Future of DeFi\n\nOn the Global Blockchain Show podcast, Manche discussed [Movement](https://iq.wiki/wiki/movement-network), a project integrating the Move virtual machine into [Ethereum](https://iq.wiki/wiki/ethereum) to enhance security and transaction efficiency. [Movement](https://iq.wiki/wiki/movement-network) differentiates itself from traditional [Ethereum](https://iq.wiki/wiki/ethereum) [Layer-2](https://iq.wiki/wiki/layer-2) solutions by offering faster execution, improved developer experience, and formal verification to reduce [smart contract](https://iq.wiki/wiki/smart-contract) vulnerabilities. Originally developed by Facebook for its now-defunct Diem [blockchain](https://iq.wiki/wiki/blockchain), the Move programming language has gained traction, particularly in Asia. Manche highlighted the growing adoption of Move-based projects, the limitations of existing [Ethereum](https://iq.wiki/wiki/ethereum) [Layer-2s](https://iq.wiki/wiki/layer-2), and [Movement’s](https://iq.wiki/wiki/movement-network) role in advancing secure [decentralized finance](https://iq.wiki/wiki/defi). He also detailed [Movement’s](https://iq.wiki/wiki/movement-network) early struggles, including bootstrapping efforts and its expansion to a 42-person team. The project focuses on developer engagement, community building, and positioning itself as a leading alternative execution environment within [Web3](https://iq.wiki/wiki/web3). [\\[6\\]](#cite-id-ofqdYDGjoJ)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=rcsuRIJM7-I)$$\n\n### About Movement Labs\n\nIn an interview with Neo News Today at [Permissionless III](https://iq.wiki/wiki/permissionless) 2024, Manche discussed his background in distributed systems and early involvement in [blockchain](https://iq.wiki/wiki/blockchain), including work on [Ethereum](https://iq.wiki/wiki/ethereum), [EOS](https://iq.wiki/wiki/eos), and [Cosmos](https://iq.wiki/wiki/cosmos), before co-founding [Movement Labs](https://iq.wiki/wiki/movement-network) to integrate the Move programming language with [Ethereum](https://iq.wiki/wiki/ethereum). He explained that [Movement Labs](https://iq.wiki/wiki/movement-network) built an [Ethereum](https://iq.wiki/wiki/ethereum) [Layer 2 (L2)](https://iq.wiki/wiki/layer-2) supporting Solidity and Move to improve transaction throughput and security. Manche compared Move’s potential adoption to past shifts in web development languages and noted increasing interest from Rust developers and Web2 engineers. He highlighted [Movement Labs’](https://iq.wiki/wiki/movement-network) partnerships with developers and venture capital firms, emphasizing the ecosystem's focus on secure [DeFi](https://iq.wiki/wiki/defi) and consumer applications. Addressing broader industry trends, he argued that modularity remains essential despite [Solana’s](https://iq.wiki/wiki/solana) recent success, pointing out that even [Solana](https://iq.wiki/wiki/solana) is incorporating modular elements. Regarding [Ethereum’s](https://iq.wiki/wiki/ethereum) role, he suggested that while [L2s](https://iq.wiki/wiki/layer-2) may divert some value from the base layer, they ultimately contribute to [Ethereum’s](https://iq.wiki/wiki/ethereum) function as a global settlement layer. He also acknowledged [Movement Labs’](https://iq.wiki/wiki/movement-network) exploration of [Bitcoin](https://iq.wiki/wiki/bitcoin) and [TON](https://iq.wiki/wiki/the-open-network-toncoin) for settlement. Lastly, he noted the growing presence of policymakers at crypto conferences and expressed a commitment to advocating for regulatory clarity in the U.S. [\\[7\\]](#cite-id-xYiwkw7YM9)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=vweX4J84KVs)$$\n\n## Presentations\n\n### Hack Summit Keynote\n\nManche spoke at Hack Summit 2024 about integrating the Move Virtual Machine (Move VM) with [Ethereum](https://iq.wiki/wiki/ethereum) to enhance [smart contract](https://iq.wiki/wiki/smart-contract) security. He outlined his engineering background and [blockchain](https://iq.wiki/wiki/blockchain) security experience, explaining how high [gas](https://iq.wiki/wiki/gas) fees and frequent hacks on [Ethereum](https://iq.wiki/wiki/ethereum) led him to explore Move. He detailed [Movement Labs’](https://iq.wiki/wiki/movement-network) development of M2, a Move-based [rollup](https://iq.wiki/wiki/rollup) leveraging [zero-knowledge proofs](https://iq.wiki/wiki/zero-knowledge-proofs-zkps) for improved scalability and security. Manche discussed Move’s origins in Facebook’s Diem project, emphasizing its formal verification capabilities to prevent vulnerabilities common in Solidity-based [smart contracts](https://iq.wiki/wiki/smart-contract). He also highlighted [Movement Labs’](https://iq.wiki/wiki/movement-network) decentralized sequencer network, which aims to prevent downtime and introduce censorship-resistant security mechanisms. The presentation concluded with a focus on [DeFi](https://iq.wiki/wiki/defi) applications and potential insurance solutions to mitigate [smart contract](https://iq.wiki/wiki/smart-contract) risks. [\\[8\\]](#cite-id-vpMNSCDVyF)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=aOhIJY4vvUs)$$\n\n## Panels\n\n### Faster Blockchains\n\nThe panel at Mainnet 2024 discussed advancements in [blockchain](https://iq.wiki/wiki/blockchain) speed, with panelists [Keone Hon](https://iq.wiki/wiki/keone-hon) ([Monad](https://iq.wiki/wiki/monad)), [Jay Jog](https://iq.wiki/wiki/jayendra-jog) ([Sei](https://iq.wiki/wiki/sei)), Kunal Goel (Messari), and Manche outlining their approaches. [Monad](https://iq.wiki/wiki/monad) prioritized maximizing performance with minimal hardware through innovations like MonadDB and parallel execution. [Sei](https://iq.wiki/wiki/sei) focused on scaling the [EVM](https://iq.wiki/wiki/ethereum-virtual-machine-evm) with high throughput and low finality time, while [Movement Labs](https://iq.wiki/wiki/movement-network) emphasized [smart contract](https://iq.wiki/wiki/smart-contract) security via formal verification. The discussion explored trade-offs between modular and monolithic architectures, with modularity enabling experimentation but adding complexity. Panelists debated whether [Layer 1](https://iq.wiki/wiki/layer-1) chains should be opinionated or permissionless and considered the potential for [Layer 2](https://iq.wiki/wiki/layer-2) solutions on [Monad](https://iq.wiki/wiki/monad). They concluded that efficient computation density should come first before scaling through additional layers and discussed decentralized applications where [blockchain](https://iq.wiki/wiki/blockchain) verifiability is most valuable. [\\[9\\]](#cite-id-PRNLV8OP3p)\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=GoeTHGq0OfQ)$$\n\n### Rushi Manchi Terminated as Co-founder of Movement Labs\n\nIn June 2025, Movement Labs announced the termination of its co-founder Rushi Manchi following internal concerns over his involvement in market activities that reportedly contributed to volatility in the $MOVE token price. The decision was made after evidence surfaced indicating that Manchi had undisclosed ties to Web3Port, a market maker associated with suspicious trading behavior. [\\[10\\]](#cite-id-aQ4eenE4tz)\n\nMovement Labs stated the termination was aimed at protecting the integrity of its ecosystem and maintaining transparency. The project emphasized that Manchi’s alleged actions were not authorized by the Movement Labs team and confirmed that a third-party review was underway. [\\[10\\]](#cite-id-aQ4eenE4tz)\n\nThe development has raised broader concerns in the crypto community around conflicts of interest and governance standards within [Web3](https://iq.wiki/wiki/web3) organizations. [\\[10\\]](#cite-id-aQ4eenE4tz)","summary":"Rushi Manche is a software engineer and entrepreneur known for co-founding Movement Labs and contributing to the Move programming language.","images":[{"id":"QmanFkJ8MWYrHrapu8P3jQex6qr45j8bxXmkDtkYKtNJSV","type":"image/jpeg, image/png"}],"categories":[{"id":"people","title":"people"}],"tags":[{"id":"Developers"},{"id":"Founders"},{"id":"Blockchains"},{"id":"Ethereum"},{"id":"Organizations"}],"media":[{"id":"https://www.youtube.com/watch?v=G3yPVfyMAj0","name":"G3yPVfyMAj0","caption":"","thumbnail":"https://www.youtube.com/watch?v=G3yPVfyMAj0","source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=l-e0dx75s3k","name":"l-e0dx75s3k","caption":"","thumbnail":"https://www.youtube.com/watch?v=l-e0dx75s3k","source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=juSyMHnfnE4","name":"juSyMHnfnE4","caption":"","thumbnail":"https://www.youtube.com/watch?v=juSyMHnfnE4","source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=FSpnZz_azTc","name":"FSpnZz_azTc","caption":"","thumbnail":"https://www.youtube.com/watch?v=FSpnZz_azTc","source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=rcsuRIJM7-I","name":"rcsuRIJM7-I","caption":"","thumbnail":"https://www.youtube.com/watch?v=rcsuRIJM7-I","source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=vweX4J84KVs","name":"vweX4J84KVs","caption":"","thumbnail":"https://www.youtube.com/watch?v=vweX4J84KVs","source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=aOhIJY4vvUs","name":"aOhIJY4vvUs","caption":"","thumbnail":"https://www.youtube.com/watch?v=aOhIJY4vvUs","source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=GoeTHGq0OfQ","name":"GoeTHGq0OfQ","caption":"","thumbnail":"https://www.youtube.com/watch?v=GoeTHGq0OfQ","source":"YOUTUBE"}],"metadata":[{"id":"references","value":"[{\"id\":\"CX5bpbsARo\",\"url\":\"https://movementlabs.xyz/\",\"description\":\"Movement Labs official website\",\"timestamp\":1743773110898},{\"id\":\"pnnWfG1cln\",\"url\":\"https://www.linkedin.com/in/rushimanche/details/experience/\",\"description\":\"LinkedIn experience\",\"timestamp\":1743773110898},{\"id\":\"bWSMZW5zDg\",\"url\":\"https://cryptonews.com/exclusives/rushi-manche/\",\"description\":\"Cryptonews profile\",\"timestamp\":1743773110898},{\"id\":\"it7lwJsdKP\",\"description\":\"How to Successfully Launch a Token | YouTube\",\"timestamp\":1743773935968,\"url\":\"https://www.youtube.com/watch?v=juSyMHnfnE4\"},{\"id\":\"4303poSMzD\",\"description\":\"Movement Lab's Token Launch | YouTube\",\"timestamp\":1743773960211,\"url\":\"https://www.youtube.com/watch?v=FSpnZz_azTc&pp=ygUMcnVzaGkgbWFuY2hl\"},{\"id\":\"ofqdYDGjoJ\",\"description\":\"Inside the Future of DeFi | YouTube\",\"timestamp\":1743774033912,\"url\":\"https://www.youtube.com/watch?v=rcsuRIJM7-I&pp=ygUMcnVzaGkgbWFuY2hl\"},{\"id\":\"xYiwkw7YM9\",\"description\":\"Interview at Permissionless III 2024 | YouTube\",\"timestamp\":1743774088286,\"url\":\"https://www.youtube.com/watch?v=vweX4J84KVs&pp=ygUMcnVzaGkgbWFuY2hl\"},{\"id\":\"vpMNSCDVyF\",\"description\":\"Hack Summit 2024 Keynote Speech | YouTube\",\"timestamp\":1743774134946,\"url\":\"https://www.youtube.com/watch?v=aOhIJY4vvUs&pp=ygUMcnVzaGkgbWFuY2hl\"},{\"id\":\"PRNLV8OP3p\",\"description\":\"Blockchains Are Fast Now. So What's Next | YouTube\",\"timestamp\":1743774159849,\"url\":\"https://www.youtube.com/watch?v=GoeTHGq0OfQ&pp=ygUMcnVzaGkgbWFuY2hl\"},{\"id\":\"aQ4eenE4tz\",\"description\":\"Rushi Manche termination news\",\"timestamp\":1750975124559,\"url\":\"https://blockworks.co/news/movement-rushi-manche-suspension-market-maker-web3port\"}]"},{"id":"linkedin_profile","value":"https://www.linkedin.com/in/rushimanche"},{"id":"twitter_profile","value":"https://x.com/rushimanche"},{"id":"website","value":"https://movementlabs.xyz/"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmdswdZ28nybH6e3VPTd49HJYF3ZKp4JyPNRdxKkj2VC7Y\""},{"id":"commit-message","value":"\"Add details on Rushi Manchi's termination from Movement Labs in June 2025.\""},{"id":"previous_cid","value":"QmdswdZ28nybH6e3VPTd49HJYF3ZKp4JyPNRdxKkj2VC7Y"}],"events":[],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":["movement-network"],"founders":[],"speakers":[]}}