Storj Labs files for Chapter 11 after raising about $35 million while keeping cloud services active and proposing tokenholder equity access.
Storj's bankruptcy raises uncertainty for token holders, potentially impacting token value, exchange listings, and network stability. Storj's Chapter 11 filing raises concerns for STORJ token holders.
Storj filed for bankruptcy protection on Sunday. The company says its network still works and STORJ tokens still work.