Storj Labs Files Voluntary Chapter 11 Bankruptcy to Restructure Legacy Debt, Operations Continue

Storj Labs became the latest crypto-era project to seek court protection this week, but the company behind the decentralized cloud storage network is not following the familiar script.

According to the original report, the firm voluntarily filed for Chapter 11 bankruptcy to address legacy debt—while explicitly stating that all customer services will carry on without interruption during the restructuring.

That detail immediately sets it apart from the long list of crypto companies that froze withdrawals or shut down entirely once insolvency became public.

The filing caps a long arc for a project that raised approximately $5 million in traditional funding and grants, alongside roughly $30 million through its 2017 STORJ token sale. Unlike many ICO cohorts that vanished, Storj kept running a functional product.