Skip to main content
Sign in

Storj Labs

avoid.net/storj-labs→28/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

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

1 entities
Organizations
□Storj Labs
Relationships
    Have evidence about Storj Labs?

    Timeline(7 events)

    2017-02

    Storj Labs raised a $3 million seed round backed by Qualcomm Ventures and Techstars.

    crypto.news

    2017-05

    Storj Labs completed a $30 million STORJ token sale, reaching its target in seven days.

    crypto.news

    2021-03

    STORJ token reached an all-time high of approximately $3.81.

    CoinDesk

    2025-10

    Inveniam Capital Partners announced an acquisition agreement for Storj Labs; STORJ token traded near $0.187 at the time.

    Bitcoin Foundation / Startup Fortune

    2026-07-23

    BitMEX announced it would permanently cease operations on September 23, 2026, beginning the week of major crypto failures.

    CoinDesk

    2026-07-26

    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 / CoinDesk

    2026-07-27

    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 Block
    Provenance & Audit Trail
    15 Wayback Archives

    Decision Log

    • #1publish⛓ pending8/13/2026, 11:18:16 PM
      hash: FuAWgn4vKB3LuHoqkJAqRbBwuTzBtVroTB2nH7Z98z6E

    15 of 18 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 8/13/2026, 11:18:08 PM

    last updated: 8/14/2026, 3:29:34 AM

    avoid.net — verified advice for a post-truth world