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<p>Decentralised storage firm Storj Labs has filed for Chapter 11 bankruptcy after raising roughly $35 million.
Storj says its network and customer services will continue, while it restructures “legacy obligations.” It also wants token holders to share ownership of the rebuilt company—but that still needs creditor and court approval.
STORJ is trading near $0.062, down roughly 16% over 24 hours.
The network may keep running. The company behind it is still bankrupt. That distinction matters.
#STORJ #Crypto</p>

Decentralised storage firm Storj Labs has filed for Chapter 11 bankruptcy after raising roughly $35 million.
Storj says its network and customer services will continue, while it restructures “legacy obligations.” It also wants token holders to share ownership of the rebuilt company—but that still needs creditor and court approval.
STORJ is trading near $0.062, down roughly 16% over 24 hours.
The network may keep running. The company behind it is still bankrupt. That distinction matters.
#STORJ #

Decentralised storage firm Storj Labs has filed for Chapter 11 bankruptcy after raising roughly $35 million. Storj says its network and customer services will continue, while it restructures “legacy obligations.” It also wants token holders to share ownership of the rebuilt company—but that still needs creditor and court approval. STORJ is trading near $0.062, down roughly 16% over 24 hours. The network may keep running. The company behind it is still bankrupt. That distinction matters. #STORJ #Crypto

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