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

AI Summary The blockchain developer will continue operating under court supervision as it restructures following a market-making scandal, a co-founder’s suspension, and exchange delistings that rocked the project. fulltext: 202 chars | fulltext source: rss-fallback | summary method: extractive Original: https://cointelegraph.com/news/movement-labs-files-chapter-11-bankruptcy-move-token-turmoil?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound Source: CoinTelegraph