Move Industries CEO: Team has no connection to Movement Labs and is not involved in its bankruptcy

On 22 July, Chief Executive Officer Torab of Move Industries wrote on platform X to clarify that Move Industries was a team of developmentists of the Movement ecology that had nothing to do with the Movement Labs, which had applied for bankruptcy, so that Move Industries was not involved in the bankruptcy. Torab states that Movement is now a global financial technology company with an online, licensed and stable currency payment channel, which aims to bridge the gap between existing financial flows and the desired model. He also revealed that his trip to East Africa had just ended, during which discussions had been held with the Central Bank of Ethiopia on the introduction of a stabilization currency. Previously, it was reported that Movement Labs had filed for bankruptcy and that the dismissed founder ' s claim of $1.6 million represented the largest claim。