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$141M Fundraise to $8 Daily Fees: Movement Labs Files for Bankruptcy
Jul 22, 2026
< 1 min read
by Wayne Jones
for CryptoPotato
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Movement Labs has filed for Chapter 11 insolvency protection in the U.S. Bankruptcy Court of Delaware after months of controversy and a token scandal that left the network with major financial issues. The bankruptcy highlights severe crypto protocol distress, posing risks to token holders, partners and DeFi/CEX integrations and is likely to weigh on adoption and token value.
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Movement Labs has filed for Chapter 11 insolvency protection in the U.S. Bankruptcy Court of Delaware.
This follows months of controversy and a token scandal that left the network dealing with major financial issues.
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