Movement Labs files for bankruptcy after raising $38 million
Movement Labs, a crypto infrastructure for the Ethereum ecosystem, has filed for Chapter 11 bankruptcy.
Published 16sem2 sources✓ ConfirmedNotableupdated 10sem
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10 million
The company had raised $38 million and reported up to $10 million in debt
The fact
The company had raised $38 million and reported up to $10 million in debt.
This bankruptcy highlights the ongoing challenges in the sector following the crypto winter.
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