Movement Labs bankruptcy: $38M raised, under $500K in assets
Covered by 2 sources · 2 articles
2 outlets - including Cryptoslate and Cryptonomist - are covering this story. MVMT Labs is the sole named debtor, while Move Industries says it is uninvolved and key asset boundaries remain unresolved. The post MVMT Labs bankruptcy lists under $1 million in assets after $38M raise appeared first on CryptoSlate .
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MVMT Labs bankruptcy lists under $1 million in assets after $38M raise
MVMT Labs is the sole named debtor, while Move Industries says it is uninvolved and key asset boundaries remain unresolved.
Movement Labs bankruptcy: $38M raised, under $500K in assets
Movement Labs, the original development company behind the Movement blockchain, has filed for Chapter 11 bankruptcy — and the financial wreckage it left behind tells a story that goes far beyond a routine corporate restructuring. The Moveme…