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DevCointelegraphabout 1 hour ago
Movement Labs files Chapter 11 bankruptcyMovement Labs, developer of the Movement blockchain, filed for Chapter 11 bankruptcy with under 1,000 creditors, $100,000-$500,000 in assets, and over $1 million in liabilities. The filing follows a market-making scandal involving 66 million MOVE tokens sold rapidly after launch, triggering a price drop, investigations, and a token buyback.
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