Tag: bankruptcy
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Bitcoin Mining Giant Poolin Technology Files for Chapter 11 Bankruptcy Amidst $163 Million Debt and Asset Liquidation
Poolin Technology Pte. Ltd., the Singapore-based entity that once commanded a significant portion of the Bitcoin network’s mining power, has formally initiated Chapter 11 bankruptcy proceedings in the United States. The filing, submitted on July 22, 2026, to the U.S. Bankruptcy Court for the District of New Jersey, marks the culmination of a protracted liquidity…
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Movement Labs Files for Chapter 11 Bankruptcy After $38M MOVE Token Scandal
MVMT Labs, the foundational developer behind the Movement blockchain, has formally commenced Chapter 11 bankruptcy proceedings, filing on July 15 under Delaware bankruptcy protection. This critical move follows a protracted token-launch controversy that significantly eroded the company’s financial stability and corporate structure. The filing, designated as case 26-11113 in the U.S. Bankruptcy Court for the…
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