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Movement Labs Files Chapter 11 Bankruptcy as Move Industries Distances Itself
TokenPost·July 22, 2026·1 min read
Movement Labs, the original developer behind the Move blockchain, has filed for Chapter 11 bankruptcy in the US. The filing follows controversy over the MOVE token and governance issues. Assets are up to $500,000 with liabilities exceeding $1 million. Former co-founder Rushi Manche is listed among creditors.
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