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Movement Labs files for Chapter 11 after MOVE token scandal
Jul 22, 2026
< 1 min read
by Ibiam Wayas
for CryptoPolitan
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Movement Labs, developer of the Movement blockchain, voluntarily filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on July 15 after a market-making scandal tied to its MOVE token. The filing signals major stress for the project's token, poses legal and security risks to holders and exchanges, and is likely to hurt adoption, fundraising and token performance across the crypto and DeFi ecosystem.
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Movement Labs, the developer of the Movement blockchain, has filed for bankruptcy, ending a punishing stretch for the company over a market-making scandal involving its MOVE token. MVMT Labs voluntarily filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on July 15. The court record says the company has...
