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STORJ crashes 17% as firm files for Chapter 11
Jul 27, 2026
< 1 min read
by Ibiam Wayas
for CryptoPolitan
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Decentralized cloud storage provider Storj Labs voluntarily filed for Chapter 11 bankruptcy on July 26 in the U.S. Bankruptcy Court for the Northern District of West Virginia, citing "legacy obligations". The restructuring is the latest crypto-sector bankruptcy and heightens risks to decentralized storage adoption, token holders, fundraising and market confidence across DEX/CEX listings and protocol security.
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Decentralized cloud storage provider Storj Labs has become the latest in crypto to file for bankruptcy, over what the company described as “legacy obligations.” Storj voluntarily filed for a Chapter 11 restructuring on July 26th at the U.S. Bankruptcy Court for the Northern District of West Virginia. Kaloyan Raev, Director of Engineering at Storj Labs,...
