Storj Labs filed for voluntary Chapter 11 on July 26 to restructure and resolve legacy liabilities.
Source
"STORJ Token Falls Amid Parent Company's Bankruptcy Filing" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
Following the filing, the STORJ token price plummeted by nearly 20% to $0.06.