Last Notes
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📰 Movement Labs collapses into bankruptcy after MOVE token scandals
🗓️ Jul 21 2026 22:55 UTC
Movement Labs has filed for Chapter 11 bankruptcy with no more than $500,000 in assets and liabilities that could reach $10 million following more than a year of turmoil around the MOVE token. Court records show that MVMT Labs submitted…
➤ Movement Labs has filed for Chapter 11 bankruptcy with significant liabilities, stemming from turmoil around its MOVE token.
➤ The bankruptcy filing is linked to alleged market manipulation and undisclosed agreements involving former CEO Rushi Manche and market maker Web3Port.
➤ Despite Movement Labs' collapse, Move Industries, a separate entity, states its operations and blockchain development remain unaffected, focusing on stablecoin payments and cross-border transfers.
#movementlabs #bankruptcy #movetoken #rushimanche #moveindustries #mvmtlabs #delaware #polychaincapital #web3port #binance
🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-movement-labs-collapses-into-bankruptcy-after-move-token-scandals-603841831
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