💀📉⚖️ Movement Labs Files Chapter 11 — L2 Dreams Turn Nightmare!
🔹 Ethereum Layer-2 project goes bankrupt after months of token market-making scandal — 66M MOVE tokens dumped day 1 crushed the price 📊💸⚡
🔹 $100K-500K assets vs $1M+ liabilities — co-founder Rushi Manche among largest creditors after being terminated in May 2025 👤💰🚨
🔹 Binance banned their market maker for misconduct — Web3Port + Rentech shady deals destroyed what could've been solid Move-to-ETH bridge 🔥🌉⛔
Another promising L2 bites the dust — when token economics go wrong, bankruptcy follows fast 💀📈
#Layer2 #Bankruptcy #Ethereum
@money
Post #26200
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