Storj, a decentralized cloud storage company, has initiated Chapter 11 bankruptcy proceedings in the United States. This move allows the network to continue operating normally as it navigates financial restructuring.
Source
"Storj Files for Bankruptcy, Aims to Protect Token Holders" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.