Storj Files for Bankruptcy, Tokens May Gain Stake | Bitcoin and Crypto News

Storj Labs files for Chapter 11 bankruptcy, but promises its decentralized storage network will keep running — and is exploring a bold new path: letting STORJ token holders gain equity in the restructured company. The move, filed in West Virginia, marks a historic experiment in crypto governance, as the 10-year-old project seeks to turn token holders into stakeholders amid overwhelming pre-strategy debt. While details remain vague, this could set a precedent for how crypto projects navigate financial collapse — especially as peers like Movement Labs and Poolin also hit bankruptcy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/134362aad6f7ff6b