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Hannah Collymore

Former Movement Labs co-founder Rushi Manche launches Nyx Group with $100M crypto fund on December 11, 2025

On December 11, 2025, former Movement Labs co-founder Rushi Manche launched Nyx Group, a multi-strategy investment vehicle committing up to $100 million to support blockchain founders issuing new tokens. The firm plans to deploy capital into liquid markets and provide operational guidance, but will back only founders it personally knows and trusts. Manche’s return to the industry follows his removal from Movement Labs after a $38 million MOVE token market manipulation scandal and Coinbase’s subsequent delisting of the token.
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