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Decentralization means crypto projects—and another one has just fallen.
Storj Labs files for Chapter 11 bankruptcy reorganization in the U.S., business will continue operating
The decentralized cloud storage project Storj’s parent company Storj Labs announced that it has voluntarily filed for Chapter 11 bankruptcy reorganization under the U.S. Bankruptcy Code to address historical debts and continue operations.
Storj Labs said that during the reorganization, business will proceed 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.
Founded in 2014, Storj is a decentralized storage network. Users can provide cloud storage services to global customers by sharing idle hard drive space, and they use the STORJ token for incentives and payments. $SOL
{spot}(SOLUSDT)
Missing out on ORDI at 0.008 taught me to be decisive;
After seeing the legend of SHIB with those eight zeros, I knew it was just a dream.
And now, everything driven by AI is happening—AIP is the switch for this bull cycle.
No longer relying on fantasy, only on the momentum of trends.
The tuition paid in the past—this time, I’ll collect it with interest.
AIP, I stand on the side of reality, and I’ll never look back.