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Movement Labs has filed for Chapter 11 bankruptcy in the United States to restructure its business. The filing follows the Web3Port controversy involving 66M MOVE tokens, which were reportedly sold after listing and helped crash the token price.
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Movement Labs
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Movement Labs has filed for Chapter 11 bankruptcy to restructure after the Web3Port controversy involving 66M MOVE tokens and the subsequent price crash. There are no active farmer tasks, points programs, or testnet/mainnet phases mentioned in the latest update.
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Tracking since about 2 months ago