Storj files for chapter 11 bankruptcy while maintaining operations – Link

Decentralized storage protocol Storj filed for Chapter 11 reorganization on July 26 to address historical debt while continuing normal operations. The company said it wants to build a "clean foundation" post-reorganization, with potential equity participation for token holders, management, and investors.

Matters because: the restructuring may clarify Storj's long-term viability, but it also signals financial stress in the decentralized storage sector.
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