Cloud data firm Storj files for Chapter 11, extending a week of crypto failures. Token slides 16%

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The decentralized data storage company says operations continue and proposes that token holders take equity in the restructured business — an unusual arrangement in bankruptcy.

source https://www.coindesk.com/business/2026/07/27/cloud-data-firm-storj-files-for-chapter-11-extending-a-week-of-crypto-failures-token-slides-16

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