---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-027726"
form_type: "8-K"
ticker: "EXOD"
cik: "0001821534"
company_name: "Exodus Movement, Inc."
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T03:07:02.174924+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Exodus appoints UK receiver over W3C subsidiaries after $70M loan default

## Summary
- Exodus loaned $70M to W3C under a secured term facility; W3C failed to repay on-demand after April 13, 2026 declaration.
- Receivers appointed over shares of Monavate Holdings, Monavate Ltd, and Baanx.com Ltd pledged as collateral.
- AlixPartners partners appointed as receivers; they will conduct a sale of the subsidiaries' shares.
- Exodus intends to participate as a bidder in the sale process; customers and team members see no immediate changes.

## SEC filing metadata
- accession: 0001628280-26-027726
- form_type: 8-K
- ticker: EXOD
- cik: 0001821534
- company_name: Exodus Movement, Inc.
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821534/000162828026027726/0001628280-26-027726-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821534/000162828026027726/exod-20260428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-027726
- JSON: https://secwatch.observer/filing/0001628280-26-027726.json
- Plain text: https://secwatch.observer/filing/0001628280-26-027726.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.