Movement Labs filed for Chapter 11 bankruptcy in Delaware after months of turmoil tied to its MOVE token, including a controversial market-making deal, a co-founder suspension and Coinbase’s delisting of the token.

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…

MVMT filed for bankruptcy earlier this month, reporting assets between $100,001 and $500,000 and liabilities of up to $10 million.