Storj Labs Files for Chapter 11 Bankruptcy, Restructuring

Storj Labs, the company behind the decentralized cloud storage network Storj, has filed for voluntary Chapter 11 bankruptcy protection. The filing was made on July 26 in the U.S. Bankruptcy Court for the Northern District of West Virginia. The company stated the move is a strategic reorganization to address legacy debt obligations and will not interrupt its ongoing services.

According to the company, its decentralized storage network will continue to operate normally for customers and node operators throughout the court-supervised restructuring process. Storj emphasized that the filing is not a liquidation and that it intends to emerge from bankruptcy as a viable business. The company's parent firm, Inveniam Capital Partners, which acquired Storj in October 2025, is supporting the reorganization.

A distinctive aspect of the proposed restructuring plan involves exploring a pathway for STORJ token holders to participate in the ownership of the reorganized entity. In communications, the company said it aims to create a jointly owned model involving management, the community, token holders, and investors. However, specific details on how tokenholder eligibility would be determined,...