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Movement Labs files for Chapter 11 bankruptcy months after token scandal

Source: CoinDesk
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.

CoinMagnetic

CoinMagnetic Team

Crypto investors since 2017. We trade with our own money and test every exchange ourselves.

Updated: July 2026

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