# 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.

- Published: 2026-07-22T05:32:15.786Z
- Canonical: https://polylog.news/crypto/2026-07-22/movement-labs-files-for-chapter-11-after-more-than-a-year-of
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/07/21/movement-labs-files-for-chapter-11-months-after-token-scandal-and-strategic-overhaul), [crypto.news](https://crypto.news/movement-labs-collapses-into-bankruptcy-token-scandals/)

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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