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Movement Labs Raises $38M For Rollup Based on Facebook's Move Language

Movement Labs, a blockchain company that aims to bring Facebook's Move Virtual Machine to Ethereum, has secured $38 million in a Series A financing round led by Polychain Capital.The firm was founded by Rushi Manche, 21, and Cooper Scanlon, 24 – Vanderbilt college dropouts who say they are on a mission to "make blockchain security sexy" with the launch of Movement L2, their new layer-2 Ethereum blockchain based on the Move programming paradigm.Manche said he got interested in Move after reading an article a few years ago, when he was still in college, about Facebook's efforts in the blockchain space."Security has never been a priority for the industry," Manche said in an interview. "It's always, like, '$100 million hack,' '$20 million attack' – we're so succumbed and numb to the attack issue when in reality, that's a huge issue for retail."Move is today best known for its association with Aptos and Sui, layer-1 blockchains with a focus on low fees and high throughput. By extending the tech to an Ethereum layer-2 – a blockchain that writes data to Ethereum but offers faster and cheaper transactions – the Movement team hopes to achieve greater security and transaction speeds than layer-2 incumbents.Movement's funding round saw participation from venture capital firms including Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, and Aptos Labs – the company behind Aptos."Between 2022 and 2023, hackers exploited smart contracts for over $5.4 billion, affecting major protocols like Curve and KyberSwap through common reentrancy attacks," Movement explained in a statement. "Movement’s EVM allows Move and Solidity developers to deploy code that is fully verified at runtime, preventing attack vectors like reentrancy from executing.""With embedded firmware application runtime, we can stop 90% of attack vectors or more," Manche told CoinDesk. Move also uses parallelization – a method for processing multiple streams of activity at once that's used by Solana and Move-based chains to achieve greater transaction throughput. "This combination of speed and security makes for a really powerful VM," said Manche.Move is the stand-out product of Meta's ill-fated foray into blockchain technology. Then still called Facebook, the company made a big splash in 2019 with the announcement that it was launching a cryptocurrency called "Libra" (later renamed "Diem"). Diem's blockchain was supposed to use Move, a new open-source programming language based on Rust that Meta designed to make the entire process of coding up a blockchain more secure and efficient."In August 2022, I was in college with my co-founder at Vanderbilt and I read this article, 'Facebook is building a new programming language,'" recalled Manche. "I would use Cosmos and the [Ethereum Virtual Machine], but there weren't a lot of users – wasn't a lot of volume.""To me, it was like, okay, Facebook, the biggest consumer app, they're all trying to get on-chain. They're doing this new initiative, new language, new VM. So I started digging," said Manche.Though Meta's virtual currency plans were ultimately scrapped under regulatory pressure, some of the company's employees jumped ship to found the Move-based blockchain companies Aptos and Sui.Before discovering Move, Manche says he experimented with crypto in college, mostly in the Cosmos blockchain ecosystem. Cooper was the first of the pair to build using Move – creating a yield aggregator for Aptos.Barely old enough to drink, Manche says he and his co-founder's ages were initially a big quesion for investors as the pair were navigating the fundraising circuit. "When we were first starting off, it was like, 'Who are these kids? What are they doing? How can we trust them?,'" said Manche."I think over time, especially me and Cooper, we've built a lot of trust up because we're category leaders. We showed a lot of traction in terms of development, traction in terms of the community ecosystem," said Manche. "The age question was always a sticking point, but I think now everyone's pretty bullish."Aptos and Sui were the first to put Move to the test in the real world, and Movement Labs is the first to bring Meta's Move tech to a layer-2 network on Ethereum. The network will support programs developed using Move or Solidity, Ethereum's native programming language.In addition to the Movement L2, the company is introducing the Move Stack – a blockchain execution environment that can be used to build other chains and has been designed for compatibility with popular blockchain-building frameworks such as the OP Stack and Arbitrum Orbit. It's also building a shared sequencer, meaning the method it uses to communicate between the L1 and L2 chains will have elements of decentralization.Movement L2 will be "one of the first main flagship L2s prioritizing decentralization and decentralized sequencers" from the start, said Manche.The Movement L2 will enter its testnet phase this summer.

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    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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