Crypto's Comeuppance: Movement Blockchain Files for Chapter 11 The latest chapter in the ongoing saga of crypto's wild west has unfolded with Movement Labs filing for Chapter 11 bankruptcy protection after months of turmoil.
The developer behind the embattled Movement blockchain saw its token collapse amidst allegations of market manipulation and a botched attempt to revive the project.
At first glance, this seems like just another casualty in the cryptocurrency space, where hype often outstrips substance.