Popular crypto firm files for Chapter 11 after token collapse

The Movement Labs bankruptcy exposes the "strategic pivot" as a total myth for failing crypto projects. Despite rebranding and token buybacks, you can't fix a 99% price crash caused by your own market makers dumping 66 million tokens. With liabilities now ten times greater than assets, the attempt to "rebuild investor confidence" was clearly a facade. Is any project actually salvageable once the founders and market makers turn on the community? Or is a pivot just a delay of the inevitable?
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