-
Popular crypto firm files for Chapter 11 after token collapse
Movement Labs, the developer behind the Movement blockchain, has filed for Chapter 11 bankruptcy protection in the U.S. after months of turmoil triggered by its controversial token launch and a failed effort to revive the project. Court filings show MVMT Labs filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware on July 15. The company is seeking to restructure under court supervision while continuing operations. Initial hearings have already been held, with creditors required to file claims by Sept. 14. The bankruptcy follows a turbulent ye
- Comments / Top
- Subscribe
-
Related Stories
From decrypt.co | 8 hr ago
Pavel Durov has a big promise to keep before summer ends. Telegram's founder announced on Tuesday that the messaging app—think WhatsApp but larger, with over 1 billion monthly active users—will roll out a native non-custodial cryptocurrency wallet across every version of the app, offering instant, zero-fee crypto transactions to all of them. The crypto ...
From financemagnates.com | 17 hr ago
Bitget generated nearly $70 billion in TradFi perpetual trading volume during the second quarter, ranking second behind only Binance. TokenInsight's latest exchange industry report identifies the segment as one of crypto exchanges' fastest-growing product categories. Competition among crypto exchanges is expanding beyond crypto-native assets. As venues roll ...
*trump: Iran Hasn't Seen Anything Yet, We've Been Nice Trump says the U.S. will be hitting Pickaxe mountain in Iran "pretty soon very heavily and there is nothing they can do about it" Trump Says Action Against Iran Is Coming Soon And It Will Be Severe.
