Torab Torabi joined Movement Labs in September 2023 as director of business development. On May 7, 2025 he became chief executive of Move Industries. CoinDesk had reported on April 30, seven days earlier, that Movement Labs was examining a market-making deal. More than 5 percent of its MOVE tokens, earmarked for Web3Port, had been routed through an intermediary named Rentech. The release that named him describes Cooper Scanlon , the co-founder who had held the chief executive title, as "voluntarily passing the torch" to Torabi.
· Torab Torabi succeeds Cooper Scanlon as Movement Labs becomes Move Industries
Torab Torabi Takes Movement After a $38 Million Token Dump
Torab Torabi became chief executive of Move Industries on May 7, 2025, a week after CoinDesk's token-dump report, and the dispute over who answers for the launch has since reached Delaware's courts.
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People in this piece
- Ali Sheikh
- Cooper ScanlonMovement Labs, CEO, Movement Labs (co-founder)
- Rushi Manche
- Torab TorabiMove Industries (successor to Movement Labs), Chief Executive Officer
- Will GainesMove Industries (successor to Movement Labs), President and Chief Marketing Officer
- Young Yang Liauw
- Zaki Manian
Projects
Move Industries · Movement Labs · Movement Network Foundation · Binance · Coinbase · Web3Port · Rentech · Groom Lake · Circle