Overview
- Storj Laboratories voluntarily filed for Chapter 11 in the U.S. Bankruptcy Court for the Northern District of West Virginia on July 26, 2026, to address legacy obligations while pursuing a reorganization.
- The company says network operations and the STORJ token remain functional and that customer services will continue in the ordinary course during the court-supervised process.
- Storj has proposed a potential ownership pathway that could include management, investors, community members and STORJ holders but any conversion or allocation must appear in a formal Chapter 11 plan and win creditor and court approval.
- Inveniam Capital Partners, which agreed to acquire Storj in October 2025, publicly supports the restructuring and the company says it is narrowing focus to core distributed storage products and shedding nonessential assets.
- Key next steps to watch are the formal reorganization plan, creditor schedules, any debtor-in-possession financing, and exchange actions such as the prior Binance monitoring tag that could affect token liquidity and node-operator payments.