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The Nexus
BUSINESSJul 21 · 20:59 UTCCOINTELEGRAPHCointelegraph by Nate Kostar

Movement Labs files for Chapter 11 bankruptcy after months of MOVE token turmoil

Movement Labs has filed for Chapter 11 bankruptcy amid ongoing issues with the MOVE token. The company faces challenges including a market-making scandal, the suspension of a co-founder, and delistings from exchanges, but will continue operations under court supervision during restructuring.

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Movement LabsorganizationMOVE tokentopicmarket-making scandaltopicexchange delistingstopicChapter 11 bankruptcytopic
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