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Jens

🚨BREAKING:



$STORJ crashes -15% as Storj Labs files for Chapter 11 bankruptcy.

Storj Labs, the company behind the decentralized cloud storage network Storj, has filed for Chapter 11 bankruptcy protection to restructure legacy debt while keeping the network fully operational.

The company previously raised around $35 million, including roughly $30 million through its 2017 token sale.

$STORJ is now down approximately -99% from its 2021 all-time high, highlighting the sharp collapse in value since the last crypto bull market.
STORJ-9.76%
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FakeSitePatrol
· 4h ago
A 15% drop is only the beginning—once the bankruptcy news comes out, there will definitely be another wave of selling.
View OriginalReply0
MACD_Watcher
· 6h ago
This decentralized storage concept ultimately couldn’t even keep its own company afloat—how ironic.
View OriginalReply0
OnChainAntiScamDoc
· 6h ago
The network is operating as normal, but the companies have all gone bankrupt—who would dare to store data there?
View OriginalReply0
CompoundCowboy
· 6h ago
Another former star project has collapsed, with the token down 99%—truly brutal.
View OriginalReply0
GasStationAttendant
· 6h ago
STORJ is down 99% from its peak? That’s basically a zero situation, and holders’ morale has collapsed.
View OriginalReply0
MemeBank
· 6h ago
Back then, it raised $30 million through crowdfunding; now it’s having to restructure its debt—a typical case of the bull-market bubble bursting.
View OriginalReply0
SybilHunter
· 6h ago
Bankruptcy protection but without affecting network operations? That sounds like a delaying tactic.
View OriginalReply0

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