# Rebuild Related Articles

Interview with Move Industries CEO Torab Torabi: After the Market Maker Scandal, How Will Movement Rebuild Trust?

Interview with Torab Torabi, CEO of Move Industries, on rebuilding trust after a market maker scandal that caused MOVE token's value to drop from $3 billion to under $500 million on its first day. Torabi discusses the formation of Move Industries, the focus on technology and community, and key initiatives like the Monza upgrade which reduced latency and increased TVL. He explains the Move Alliance, a program where ecosystem projects commit 50-100% of their revenue to buy back and hold MOVE tokens, creating aligned incentives. Movement has transitioned from an L2 to an independent L1, enabling staking and greater control. Torabi emphasizes a consumer and mobile-first strategy, partnerships with KAST and Replit, and a commitment to never issue another token beyond MOVE. He addresses past controversies minimally, focusing on future growth and adoption, including predictions about stablecoin regulation and a return to privacy-focused crypto values.

marsbit12/24 06:15