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Movement Lab Files for Bankruptcy Amid Fallout from MOVE Token Scandal

2026/07/22 09:18 (Updated 2026/07/22 10:01)
CoinPost
Written by L.Kikutani
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Movement Lab Files for Bankruptcy Amid Fallout from MOVE Token Scandal

Details of the Bankruptcy Filing

Details of the Bankruptcy Filing

Movement Lab (corporate name: MVMT Labs), a core developer of the Movement blockchain, filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on July 15, as revealed by court records released on July 21.

Chapter 11 is a U.S. bankruptcy procedure that allows businesses to reorganize their debts while continuing operations, similar to Japan's Civil Rehabilitation Law. According to the filing documents, the company's assets range from...

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MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.