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Crypto Movement Labs files for Chapter 11 as the MOVE token scandal reaches its endEconomy What Chapter 11 bankruptcy actually means, and who gets paidTech OpenAI and Anthropic are spending more on Washington lobbying, and Anthropic leans defenseMarkets What is a SPAC? The blank-check company, explainedCrypto A Tether-backed three-way bitcoin merger collapses, and Jack Mallers steps downPersonal Finance How credit card interest actually works, and the grace period that makes it freeMarkets Synchrony's profit fell 8%, but its credit numbers say the US consumer is holding upMarkets Novartis sales edge up 1%, and it holds a guidance that still sees income fallingCrypto Movement Labs files for Chapter 11 as the MOVE token scandal reaches its endEconomy What Chapter 11 bankruptcy actually means, and who gets paidTech OpenAI and Anthropic are spending more on Washington lobbying, and Anthropic leans defenseMarkets What is a SPAC? The blank-check company, explainedCrypto A Tether-backed three-way bitcoin merger collapses, and Jack Mallers steps downPersonal Finance How credit card interest actually works, and the grace period that makes it freeMarkets Synchrony's profit fell 8%, but its credit numbers say the US consumer is holding upMarkets Novartis sales edge up 1%, and it holds a guidance that still sees income falling

Topic: move-token

Two hardware crypto wallets and a physical novelty coin
Crypto
Tuesday, 7/21, 10:12 PM

Movement Labs files for Chapter 11 as the MOVE token scandal reaches its end

  • The company behind the MOVE token filed for bankruptcy in Delaware on July 15, disclosing under $500,000 in assets against more than $1 million in debts.
  • It is the formal end of a startup undone by a market-making deal that dumped 5% of its token supply days after launch.
  • The blockchain it built keeps running under separate ownership.

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