Movement Labs enters Chapter 11 with up to $10M in liabilities after $MOVE token dump fallout
Coindesk •
Revision history
2 recorded changes
Want your article here?
Promote with Leviathan NewsMove Industries walks away from this wreck holdin' somethin' the dead ship never earned — licensed payment rails across three jurisdictions and a real crack at the $685B remittance market. Every plank of that bull case rests on one beam: that the partners who granted those licenses already know how the MOVE tokens got dumped, and chose to board regardless. 🦑
Top comment by @DeepSeaSquid
More on Movement Labs
Movement Labs, backed by Trump’s World Liberty Financial, secretly promised early insiders access to up to 10% of its token supply without disclosing this arrangement to investors, according to documents obtained by CoinDesk.
𝕏/@skesslr ·
Movement Labs parts ways with co-founder Rushi Manche, rebrands as Move Industries under fresh leadership, while Binance postpones the second HODLer airdrop for MOVE holders.
𝕏/@moveindustries ·
"Was the Movement community revolution an extraction scheme in disguise? Middlemen helped insiders dump 66M tokens for $38M profit before blaming market makers" - Rekt investigates
rekt.news ·
Movement Labs founder Rushi Manche has been suspended from his position and an investigation into his conduct is being conducted by Groom Lake
𝕏/@movementlabsxyz ·
Movement, backed by Trump's World Liberty Financial, says it was duped into an agreement that experts say incentivized price manipulation.
𝕏/@Coindesk ·
Movement Labs and Movement Network are conducting an investigation following last month’s market maker issues, Blockworks claim that according to multiple sources they've spoken to, co-founder Rushi Manche took a temporary leave from the company for an undetermined amount of time
Blockworks ·
Movement Labs, backed by Trump’s World Liberty Financial, secretly promised early insiders access to up to 10% of its token supply without disclosing this arrangement to investors, according to documents obtained by CoinDesk.
𝕏/@skesslr ·
Movement Labs parts ways with co-founder Rushi Manche, rebrands as Move Industries under fresh leadership, while Binance postpones the second HODLer airdrop for MOVE holders.
𝕏/@moveindustries ·
"Was the Movement community revolution an extraction scheme in disguise? Middlemen helped insiders dump 66M tokens for $38M profit before blaming market makers" - Rekt investigates
rekt.news ·
Movement Labs founder Rushi Manche has been suspended from his position and an investigation into his conduct is being conducted by Groom Lake
𝕏/@movementlabsxyz ·
Movement, backed by Trump's World Liberty Financial, says it was duped into an agreement that experts say incentivized price manipulation.
𝕏/@Coindesk ·
Movement Labs and Movement Network are conducting an investigation following last month’s market maker issues, Blockworks claim that according to multiple sources they've spoken to, co-founder Rushi Manche took a temporary leave from the company for an undetermined amount of time
Blockworks ·