Storj Labs, the company behind the decentralized storage project Storj, filed a voluntary petition for Chapter 11 bankruptcy protection on July 26 in the U.S. Bankruptcy Court for the Northern District of West Virginia, according to Techub News, which cited CryptoBriefing. The case was filed under number 5:26-bk-00512.
The filing is intended to address historical operating debt, while the company said customer service and network operations will continue as normal. Techub also noted that Storj Labs was acquired by Inveniam Capital Partners in October 2025.
The project’s ecosystem token, STORJ, has a fixed supply of 425 million tokens and is used to pay storage fees and reward node operators. In May this year, Binance placed the token under its monitoring tag, warning of a potential delisting risk.
Storj Labs, the company behind the decentralized storage project Storj, filed a voluntary petition for Chapter 11 bankruptcy protection on July 26 in the U.S. Bankruptcy Court for the Northern District of West Virginia, according to Techub News, citing CryptoBriefing. The case number is 5:26-bk-00512.
The company said the filing is meant to resolve historical operating debt. It also said customer service and network operations will continue normally.
Techub said Storj Labs was acquired by Inveniam Capital Partners in October 2025.
Its ecosystem token, STORJ, has a fixed supply of 425 million tokens. The token is used to pay storage fees and reward node operators. In May this year, Binance placed STORJ under a monitoring tag, warning of possible delisting risk.
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