Storj Labs
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anchored·w7eKur…D23ESummary
Storj Labs, the company behind the decentralized cloud storage protocol and STORJ token, filed for voluntary Chapter 11 bankruptcy protection on July 26, 2026 in the U.S. Bankruptcy Court for the Northern District of West Virginia (case 5:26-bk-00512). The company attributes the filing to legacy financial obligations predating its current operating strategy, not to operational failure, and states that its decentralized storage network and customer services remain uninterrupted. STORJ token holders face significant uncertainty: the company has proposed an equity conversion mechanism, but terms remain undisclosed, court approval is required, and token holders rank behind all creditors under standard bankruptcy law.
Connected Entities
1 entitiesCommunity submissions
- Under reviewincriminatingWayback pending8/28/2026, 4:11:56 PM
“CoinDesk reports Chapter 11 filing; token equity conversion proposal places retail holders last in creditor hierarchy, making full recovery unlikely”
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Timeline(7 events)
February 2017
Storj Labs raised a $3 million seed round backed by Qualcomm Ventures and Techstars.
crypto.newsMay 2017
Storj Labs completed a $30 million STORJ token sale, reaching its target in seven days.
crypto.newsOctober 2025
Inveniam Capital Partners announced an acquisition agreement for Storj Labs; STORJ token traded near $0.187 at the time.
Bitcoin Foundation / Startup Fortune23 July 2026
BitMEX announced it would permanently cease operations on September 23, 2026, beginning the week of major crypto failures.
CoinDesk26 July 2026
Storj Labs filed voluntary Chapter 11 petition in U.S. Bankruptcy Court for the Northern District of West Virginia (case 5:26-bk-00512). BitMart simultaneously announced its wind-down.
GlobeNewswire / Storj official blog / CoinDesk27 July 2026
STORJ token fell 16–20% to approximately $0.06 on news of the Chapter 11 filing. Major outlets including CoinDesk and The Block reported the filing and token holder equity proposal.
CoinDesk / The BlockDecision Log
- hash: AKcyCYihkKvUi7ga4wssvaEg8nGUh4YHqi2PSv6opce5
- hash: 9SQ5cDZZ8dpECUmHcVdjcxK9mGzEyjbQg96piSz8cVXu
- hash: FuAWgn4vKB3LuHoqkJAqRbBwuTzBtVroTB2nH7Z98z6E
This investigation is cryptographically anchored to the Solana blockchain (3 events). 15 of 18 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/13/2026, 11:18:08 PM
last updated: 8/25/2026, 2:16:14 PM
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