🚨BREAKING: $STORJ crashes -15% as Storj Labs files for Chapter 11 bankruptcy.
Storj Labs, the company behind the decentralized cloud storage network Storj, has filed for Chapter 11 bankruptcy protection to restructure legacy debt while keeping the network fully operational.
The company previously raised around $35 million, including roughly $30 million through its 2017 token sale.
$STORJ is now down approximately -99% from its 2021 all-time high, highlighting the sharp collapse in value since the last crypto bull market.
Storj Labs, the company behind the decentralized cloud storage network Storj, has filed for Chapter 11 bankruptcy protection to restructure legacy debt while keeping the network fully operational.
The company previously raised around $35 million, including roughly $30 million through its 2017 token sale.
$STORJ is now down approximately -99% from its 2021 all-time high, highlighting the sharp collapse in value since the last crypto bull market.
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