Storj stories

Jul 27, 2026

Storj Labs Files Chapter 11 Bankruptcy, Plans to Offer Token Holders Equity in Restructured Company

Voluntary Chapter 11 filed July 26, 2026 (Case No. 5:26-bk-00512, Northern District of West Virginia) by decentralized cloud storage provider Storj Labs to restructure legacy liabilities; parent company Inveniam supports the process while management proposes an equity conversion framework for STORJ token holders.

Jul 27, 2026·8 sources

Jul 26, 2026

Storj Labs Files for Chapter 11 Bankruptcy, STORJ Token Drops 20%

Decentralized cloud storage provider Storj Labs filed for voluntary Chapter 11 bankruptcy protection on July 26, 2026, citing legacy obligations. The company's STORJ token fell approximately 16-20% following the announcement, though Storj says operations will continue.

Jul 26, 2026·8 sources

Top claims

▪Bitcoin mining pool Poolin filed for Chapter 11 bankruptcy on July 22, 2026, to pursue a court-supervised sale of two Texas mining sites.
▪Binance placed the STORJ token under a monitoring tag in May 2026, signaling potential delisting risks.
▪Storj Labs has not disclosed specific eligibility criteria, token snapshot requirements, lockup provisions, or the percentage of equity allocated for token holders.

Topics

Crypto regulation Crypto market structure Tokenomics Utility tokens Decentralized storage & file networks Crypto markets

Related entities

Chapter 11

Featured Stories

OpenAI pauses development of Astra AI model over critical cybersecurity capability concerns

Aug 7, 2026·2 sources