Layer2
Movement Labs Files for Chapter 11 After Token Scandal
Unchained·July 22, 2026·1 min read
Movement Labs, the company behind the Move-based layer-2 network, filed for Chapter 11 bankruptcy after a token-dump scandal. The collapse follows the scandal that involved dumping tokens, leading to the company's financial downfall. The post Movement Labs Files for Chapter 11 After Token Scandal appeared first on Unchained.
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