Storj files for bankruptcy, explores equity path for tokenholders
CoinTelegraph·
60-second summary
Storj files for bankruptcy under Chapter 11, citing financial difficulties, but assures its decentralized storage network will remain operational. The company is exploring a court-approved ownership mechanism for STORJ tokenholders, potentially offering an equity path for them. This move aims to mitigate potential losses and maintain network stability, a crucial aspect of the decentralized storage ecosystem.
The decentralized storage provider says its network will continue operating during Chapter 11 as it explores a court-approved ownership mechanism for STORJ holders.