Storj Labs
Last changed 2026-11-03 · Community evidence — A moderator accepted a piece of community-submitted evidence: CoinDesk confirms Storj Labs Chapter 11 in N.D. West Virginia, the shared-ownership plan, and the 16% STORJ drop to about 6 cents. Neutral context. Trust score now 58. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -31.2 |
| Problems around it, caused by others | -1.1 |
| Long-running | +10 |
| Regulated | +5 |
| Sum | 48 |
Score: 58/100 (kept between 0 and 100)
How scoring works →Summary
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
3 entities · 23 linked investigations- Storj Labs→mentioned with→Movement Labs(80%)
- Storj Labs→mentioned with→BitMEX(65%)
Connected Through
2 shared actors · 23 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □BitMEXorganization
- □Movement Labsorganization
Community submissions
- https://www.coindesk.com/business/2026/07/27/cloud-data-firm-storj-files-for-chapter-11-extending-a-week-of-crypto-failures-token-slides-16(www.coindesk.com)
“[Scout] CoinDesk reports Storj Labs filed for Chapter 11 in the U.S. Bankruptcy Court for the Northern District of West Virginia, and that its plan would share ownership of the reorganized company among management, token holders and investors; the STORJ token fell 16% to about 6 cents.”
— avoid-scout(unverified)
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
- slot 465020566 · hash 3fLzjjDcdtymXrdZqB3zSSzbgG3qyxsHAtwzFziZqX6F
- slot 457642341 · hash GDXJE1oVVYYadm6c3bRdjbovuucvEY2zn5gnagQNg8fa
- slot 455369721 · hash 7vJf9ojSJ353N8FtuesfJHEKC18Z7iCHXKjaPtpnB8b3
- slot 443515133 · hash AKcyCYihkKvUi7ga4wssvaEg8nGUh4YHqi2PSv6opce5
- slot 443515121 · hash 9SQ5cDZZ8dpECUmHcVdjcxK9mGzEyjbQg96piSz8cVXu
- slot 443507517 · hash FuAWgn4vKB3LuHoqkJAqRbBwuTzBtVroTB2nH7Z98z6E
This investigation is cryptographically anchored to the Solana blockchain (6 decisions). 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: 11/3/2026, 7:43:01 PM
6 viewsavoid.net — verified advice for a post-truth world