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...
