Storj Labs Files for Bankruptcy Under U.S. Chapter 11; STORJ Falls 15% in 24 Hours

STORJ-15.60%

According to BlockBeats, Storj Labs, the parent company of decentralized cloud storage project Storj, announced today that it has voluntarily filed for bankruptcy protection under U.S. Chapter 11 to address historical debt while continuing operations.

Following the announcement, STORJ token declined 15% in the past 24 hours based on HTX market data.

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