Movement Labs Files for Chapter 11: Move Industries Clarifies It Is Not Affiliated With MVMT Labs

Movement Labs, the original developer behind the MOVE-based Ethereum Layer 2 blockchain, filed for Chapter 11 bankruptcy protection on July 15 under Subchapter V. The court filings, docketed as case number 1:26-bk-11113, and it is assigned to Judge Thomas M. Horan. The list of assets is between $100,001 and $500,000,