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Story Crypto 2 outlets • Updated 6 days ago

Movement Labs Files for Chapter 11 Bankruptcy Amid Turmoil

This is a live story built from multiple sources. It may evolve quickly. A published brief exists for this story.
Coverage: 2 outlets • 3 hr window
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C cointelegraph.com
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Cointelegraph 6 days ago • cointelegraph.com
Movement Labs files for Chapter 11 bankruptcy after months of MOVE token turmoil
The blockchain developer will continue operating under court supervision as it restructures following a market-making scandal, a co-founder’s suspension, and exchange delistings that rocked the project.
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CoinDesk 6 days ago • coindesk.com
Movement Labs files for Chapter 11 bankruptcy months after token scandal
The filing comes after months of upheaval that included a controversial market-making agreement, an internal investigation into its MOVE token launch and a Binance ban tied to its market maker.
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