Decentralized storage protocol Storj files for Chapter 11 reorganization, operations remain normal

According to ChainCatcher, Storj Labs voluntarily filed for Chapter 11 reorganization in the Northern District federal bankruptcy court of West Virginia, USA on July 26 to resolve historical debt issues while keeping the company operational. Storj stated that services will not be affected during the reorganization and customer obligations will continue to be fulfilled. Parent company Inveniam supports this reorganization, viewing it as the right path toward sustainable development.