movement (MOVE)

this is an EXTREMELY movement thing to do, like 100% on brand note that there are legitimate non-insider creditors here who were screwed over financially by this train wreck they are now seemingly being put behind insiders in the claims pecking order while same insiders fully control the bankruptcy process

🚨 Movement Labs filed for bankruptcy after a major collapse in less than two years. Movement Labs filed for Chapter 11 bankruptcy protection after court documents revealed that its remaining assets are under $500,000, just about 18 months after it was targeted for a $3 billion valuation. The documents also show that Rushi Manche, the former co‑founder of the company, is among the largest creditors, a development that reflects the magnitude of the crisis facing the firm. This bankruptcy comes after a series of negative events, most notably a market‑making scandal involving the $MOVE token, a ban by @binance, and an internal investigation into the token launch mechanism. These developments serve as a new example of the risks facing fast‑growing crypto projects, especially when high valuations are paired with governance or token‑launch management issues, which can lead to loss of investor confidence and a rapid project collapse.

I just want to remind you that @movement_xyz raised a $38M Series A, and 66M MOVE tokens were dumped the day after launch (~5% supply, per CoinDesk). MNMT is now filing for bankruptcy because they’re out of money—and once the media catches up, @torabyou posts that Move Industries and MVMT Labs are two different companies, and the bankruptcy doesn’t affect Movement. Had to do mini research to actually understand wtf. Move Industries is the successor to MVMT Labs, Inc. following a 2025 corporate restructuring triggered by a controversial token launch. When MVMT Labs faced turmoil and ultimately filed for Chapter 11, early employees spun out and rebranded the core development and operating responsibilities as Move Industries. The relationship between the two entities can be summarized as follows: • Move Industries took over the core blockchain development and operating responsibilities of the Movement Network ecosystem after MVMT Labs underwent a major management shake-up. • MVMT Labs and Move Industries are entirely separate legal entities. Consequently, Move Industries is not involved in, nor protected by, the MVMT Labs bankruptcy case. • In the bankruptcy proceedings, Move Industries is considered a creditor to MVMT Labs. The exact separation of historical financials, intellectual property, and brand usage rights remains under review. • Move Industries operates as an independent development team. Under @torabyou, it pivoted its strategic focus away from Ethereum scaling networks and toward cross-border payments, remittances, and stablecoin settlements. I will leave the conclusion to you – but $MOVE has one of the ugliest charts in crypto.

Movement raised $141.4 million and had a $106 billion FDV. Despite all that. • It's generating $0 in protocol revenue and fees. • Filed for Chapter 11 bankruptcy in under 600 days. • The token is now down 99.3% from its all-time high If you invested $1,000 in MOVE at the top, you'd be left with just $7 today. A brutal reminder that valuation means nothing without execution.

Movement Labs just filed for Chapter 11, the same company whose MOVE token got dumped by a market maker one day after launch. 💥 The full collapse, explained: https://t.co/2QhR2vV9CM

$MOVE collapsed 100x from ATH. The Movement saga just took a dramatic turn. Movement Labs (MVMT Labs), the original developer of the Movement blockchain, filed for Chapter 11 bankruptcy in the US on 15/07/2026. The company raised $141M, launched $MOVE in late 2024, then faced a series of major setbacks: • Market maker-related scandal triggered heavy token selling. • $MOVE fell more than 99% from its all-time high. • Internal disputes emerged around governance and restructuring plans. • Binance took actions related to the incident. • Movement’s application revenue was nearly $0 for months, with reported transaction fees around $1 in 24 hours, despite TVL still around $133M. Court filings show: • Estimated assets: $100,000–$500,000 • Liabilities: $1M–$10M • Around 200–999 creditors • Largest known creditor: former CEO Rushi Manche, owed approximately $1.6M Important detail: Chapter 11 means restructuring, not liquidation. The court allowed the company to continue operating through debtor-in-possession financing. After the bankruptcy filing, Move Industries — led by Torob Torabi — stated that it is not MVMT Labs and remains the team continuing to develop the Movement ecosystem. According to CEO Torob Torabi, Movement is shifting focus toward payment infrastructure and stablecoins for emerging markets. $MOVE remains the native token of the network, and the blockchain continues operating normally. The biggest question now: A project raises $141M, loses 99%+ token value, faces governance scandals, files bankruptcy, changes legal entities, and pivots toward the latest market narrative. The token is down 100x from the peak. The ecosystem has limited users, near-zero application revenue, and the previous team carries major controversy. What do you think about Movement’s future after this restructuring?

never thought that I'd be reading tis today :< @movement_xyz has officially filed for Chapter 11 bankruptcy after once aiming for a $3 billion valuation The filing comes after the MOVE token launch controversy, the market marker issue and months of investigation it's sad to see how thing turned out for them :< it gave me a 5-figure airdrop 2 years ago I never expected their story to end like this