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Movement Labs files for Chapter 11 months after token scandal and strategic overhaul
The filing comes after months of upheaval that included a controversial market-making agreement, an internal investigation into its MOVE token launch, a Binance ban tied to its market maker and a last-ditch pivot from Ethereum scaling to cross-border payments.
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coindesk.com
Movement Labs files for Chapter 11 months after token scandal and strategic overhaul
The filing comes after months of upheaval that included a controversial market-making agreement, an internal investigation into its MOVE token launch, a Binance ban tied to its…
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theblock.co
Ousted founder’s $1.6 million claim tops Movement Labs’ bankruptcy filing
MVMT filed for bankruptcy earlier this month, reporting assets between $100,001 and $500,000 and liabilities of up to $10 million.
