Movement blockchain developer Movement Labs has filed for Chapter 11 bankruptcy protection. Documents show the company’s assets are between $100,000 and $500,000, with liabilities exceeding $1 million. There are fewer than 1,000 creditors, including co-founder Rushi Manche, the Delaware tax authority, and Anchorage Digital. This filing comes after controversies surrounding MOVE token market-making, internal investigations, and Binance banning related market-making accounts. Movement Labs parted ways with co-founder Rushi Manche back in May 2025. (CoinDesk) https://(wublock123.com)/news/movement-labs-files-chapter-11-bankruptcy-over-1m-debt-65054