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Movement Labs files for Chapter 11 bankruptcy months after token scandal

Crypto CoinDesk By Helene Braun 21 Jul 2026 17:54 1 min read
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.

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.

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