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…