Storj files Chapter 11 to restructure legacy obligations

3 min read

Storj Labs voluntarily filed Chapter 11 in the United States Bankruptcy Court for the Northern District of West Virginia (case no. 5:26-bk-00512) to address legacy obligations while keeping its business running. The company says it will operate in the ordinary course, does not anticipate service interruptions, and will comply with court and statutory requirements. Parent company Inveniam supports the reorganization, and Storj is disposing of prior acquisitions and non-essential operations. Management says the process aims to realign ownership among management, the decentralized community, token holders, and investors to restore Storj's decentralized roots and sustain its core cloud services.

Storj filed Chapter 11 while operations continue and services remain active