Storj Labs Raised $35M - Now It’s Filing for Bankruptcy. Here’s What Happens Next

TLDR

• Storj Labs filed for Chapter 11 bankruptcy on July 26 in West Virginia federal court
• The company raised about $35 million through venture funding and its 2017 token sale before filing
• Network operations and customer services are expected to continue during restructuring
• Storj plans to propose an equity ownership pathway for STORJ tokenholders
• At least two other crypto companies also filed for Chapter 11 in July 2026

Storj Labs, the decentralized cloud storage company, filed for Chapter 11 bankruptcy protection on July 26, 2026. The case was filed in the US Bankruptcy Court for the Northern District of West Virginia under case number 5:26-bk-00512.

Storj Labs Files for Chapter 11 Bankruptcy After Raising Approximately $35 Million

Storj Labs, the company behind decentralized cloud storage network Storj, has voluntarily filed for Chapter 11 bankruptcy protection to address legacy debt while continuing operations.

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- Wu Blockchain (@WuBlockchain) July 27, 2026

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