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Storj Labs files for Chapter 11 bankruptcy reorganization in the United States, and the business will continue to operate

2026-07-27 00:40:18

Abstract generation in progress

ME News, July 27 (UTC+8), decentralized cloud storage project Storj’s parent company Storj Labs announced it has voluntarily filed for Chapter 11 bankruptcy reorganization under the U.S. Bankruptcy Code to address historical debts and continue operating. Storj Labs said that during the reorganization period, business will continue as usual, with no interruption to customer service, and it plans for the reorganized company to be jointly owned by management, the community, STORJ token holders, and investors. Storj was founded in 2014 and is a decentralized storage network where users can provide cloud storage services to global customers by sharing unused hard drive space, using the STORJ token for incentives and payments. (Source: ODAILY)

STORJ-16.52%

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