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Finance / Economy Economy

Movement Labs files for Chapter 11 bankruptcy months after token scandal and strategic overhaul

Source: coinDesk July 21, 2026 · 10:54
The filing comes after months of upheaval that included a controversial market-making agreement, an internal investigation into its MOVE token launch, a Binance ban tied to its market maker and a last-ditch pivot from Ethereum scaling to cross-border payments.
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