[Move Industries CEO: Team Unrelated to Movement Labs, Not Involved in Its Bankruptcy Case] Move Industries CEO Torab clarified on the X platform that Move Industries is a developer team within the Movement ecosystem and has no connection to Movement Labs, which has filed for bankruptcy. Therefore, Move Industries is not involved in the bankruptcy case. Torab stated that Movement is now a global fintech company with a licensed and operational stablecoin payment channel, aiming to bridge the gap between current fund transfer methods and the ideal model. He revealed that he had just concluded a trip to East Africa, during which he discussed stablecoin adoption with the Central Bank of Ethiopia. Earlier reports indicated that Movement Labs filed for bankruptcy, with its ousted founder's $1.6 million claim being the largest debt.