Morning Edition · Wednesday, July 22, 2026Published at 1:32 AM EDT · New York
Movement Labs Files for Chapter 11 After More Than a Year of MOVE Token Turmoil
Court records show no more than $500,000 in assets against liabilities that could reach $10 million, closing a saga that began with a disputed market-making deal.
Movement Labs, the team behind the MOVE token, filed for Chapter 11 bankruptcy, reporting no more than $500,000 in assets against liabilities that could reach $10 million. The filing ends more than a year of upheaval that included a contest…
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Token-Launch Misconduct Comes Due
Venture-backed token projects keep unwinding as disputed launch mechanics and market-making arrangements surface, exposing the gap between promoted market value and recoverable assets.
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