Storj Labs, known for its decentralized cloud storage services and listed on Binance, has filed for Chapter 11 bankruptcy protection in the U.S. The voluntary filing was made on July 26, 2026, in the Northern District of West Virginia under case number 5:26-bk-00512.
The company clarified that this move is meant to reorganize its financial obligations rather than halt operations. Estimated assets and liabilities range from $1 million to $10 million, with 1 to 49 creditors involved. Storj attributed the financial strain to legacy liabilities from before its current business approach.
Main shareholder Inveniam remains financially supportive, while the company is downsizing certain operations to align with present market conditions. Storj emphasized that day-to-day business, including its decentralized network and team, will continue uninterrupted. Employee wages and ongoing obligations will be maintained, pending court approval.
Plans also include selling off non-core assets from previous acquisitions in order to focus strictly on decentralized storage. also management aims to create a new ownership model involving investors, the decentralized network community, and STORJ token holders, although details on token holder participation are still being finalized.
