Movement Labs, the original developers behind the Move blockchain, have filed for bankruptcy in the U.S. This move comes after scandals involving the MOVE token and a restructuring that led to a major overhaul of the token’s ecosystem. Court filings show that the firm filed for Chapter 11 bankruptcy last week with assets worth up to $500,000 and liabilities exceeding $1 million. Creditors include co-founder and CEO Rushi Manche, who left the company last year.