Storj Files for Chapter 11, Seeks to Realign Ownership Amid Crypto Distress
Storj Labs, Inc., the company behind the decentralized storage platform Storj, has filed for Chapter 11 bankruptcy protection in an effort to restructure its legacy financial obligations.
The filing was made on July 26, 2026, in the US Bankruptcy Court for the Northern District of West Virginia, and aims to resolve liabilities tied to earlier acquisitions and non-core operations without shutting down the business itself.
According to Storj, the company expects to continue operating in the ordinary course throughout the process, with no anticipated interruption to customer service, subject to court approval.
Kaloyan Raev, director of software engineering at Storj, described the filing as a 'decisive, positive step' that will allow the underlying business to thrive without being held back by legacy obligations from an earlier chapter.