Storj Labs Files Chapter 11 to Restructure Legacy Debt

Storj Labs said that it voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of West Virginia. The company described the filing as a way to address legacy obligations while preserving normal operations across its decentralized storage network and avoiding anticipated service interruptions for customers.

Storj said it will continue operating in the ordinary course, subject to bankruptcy-court oversight and applicable statutory provisions. Parent company Inveniam continues to support the business, while Storj is focusing on its core offering and disposing of earlier acquisitions and non-essential operations as part of the restructuring process.

The proposed path would align ownership among management, the decentralized community, token holders and investors after reorganization. Storj said the underlying business is strong but constrained by obligations from an earlier phase, making court-approved debt resolution and a cleaner ownership structure the next tests for whether the company can emerge with a sustainable operating foundation.

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