Storj Files For Chapter 11, Plans Equity Offer For STORJ Holders
2026-07-26 21:16:30
Storj Labs filed for Chapter 11 bankruptcy protection in West Virginia and said its network and STORJ token still function normally. The company wants to give token holders a slice of the rebuilt business, but any equity plan needs court approval and creditors will be paid first, according to BeInCrypto. Storj said the restructuring is meant to address legacy liabilities, while data continues to move across tens of thousands of storage locations in more than 100 countries.
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