🚨 NEW: Decentralized cloud storage provider Storj files for Chapter 11 bankruptcy, aiming to keep its network running while exploring an ownership path for STORJ tokenholders. https://t.co/JOl3pwfY7l ...

Storj Labs Files for Chapter 11 Bankruptcy After Raising Approximately $35 MillionStorj Labs, the company behind decentralized cloud storage network Storj, has voluntarily filed for Chapter 11 bankruptcy protection to address legacy debt while continuing operations.The company said customer services will remain uninterrupted during the restructuring. Management, the community, STORJ token holders and investors are expected to jointly own the reorganized company.Storj Labs previously raised about $5 million ...