Storj operations, service, and the network continue as normal; parent continues its support; process designed to align ownership among management, the decentralized community, Token holders, and investors.
Today Storj Labs, Inc. voluntarily filed Chapter 11 in the United States Bankruptcy Court for the Northern District of West Virginia, Case No. 5:26-bk-00512 (Bk N.D. W.Va.). Storj filed the Chapter 11 restructuring to address certain legacy obligations while preserving Storj’s ongoing business operations.
Storj will continue operating in the ordinary course throughout the Chapter 11 process. Storj also does not anticipate any interruptions in service to its customers, and will continue meeting its obligations, subject to the United States Bankruptcy Court in the Northern District of West Virginia and applicable bankruptcy statutory provisions.
"This is a decisive, positive step," said Kaloyan Raev, Director of Software Engineering of Storj. "The business underneath is strong and right-sized. What holds it back are legacy obligations from an earlier chapter. This process lets us resolve them in an orderly way and come out the other side with a clean foundation — and with a plan for management, our token community, and our investors to share in the ownership of the restructured company, taking Storj back to its strong decentralized roots, serving our clients."
Storj has focused its attention on its core business and is in the process of dispositioning previous acquisitions and non-essential operations. Since acquiring Storj, Inveniam has supported this focus on Storj’s original business proposition and has continued to support Storj throughout, and it endorses this reorganization as the right path to a sustainable future serving their core clients, and ownership by the management team, decentralized community, Token holders, and potential investors.
For more information conact, info@storj.io
