Storj Labs, a provider of decentralized cloud storage and computing services, has filed for Chapter 11 protection in the United States as part of a plan to restructure outstanding financial liabilities.

The company said it submitted a voluntary restructuring filing to the U.S. Bankruptcy Court for the Northern District of West Virginia on July 26, 2026. The case will proceed under file number 5:26-bk-00512. Storj said the filing is not intended to shut down its operations and that the company will continue operating as usual during the process. Chapter 11 is commonly used by companies seeking to reorganize debts under court supervision while maintaining business operations, subject to approvals for certain payments and restructuring actions.

According to summary information related to the court filing, Storj Labs’ assets and liabilities are each estimated to be between $1 million and $10 million. The company reportedly has between 1 and 49 creditors.

Storj said the restructuring is intended to resolve “historical liabilities” that arose before the company’s current strategy was adopted. The company said its main shareholder, Inveniam, continues to finance Storj and that operations are being scaled down to reflect current conditions. However, Storj said past liabilities cannot be addressed through growth alone.

The company said in its statement: “Today, Storj initiated a voluntary financial restructuring process, accelerated and oversighted by the courts, to resolve past liabilities that arose prior to our current strategy. The business and network continue to operate as normal.”

Storj said it does not expect changes to the services it provides to customers, its decentralized storage network, or its company team during the Chapter 11 process. The company said employee payments and ordinary business obligations incurred after the start of the process are expected to be met, subject to the required court approvals. For customers and network participants, the court process makes the company’s ability to preserve service continuity and obtain approvals for post-filing obligations central to the restructuring timeline.

Storj also plans to divest certain operations related to previous acquisitions that fall outside its core business, allowing the company to refocus on decentralized storage. According to Storj’s statement, Inveniam supports the restructuring as an appropriate step toward achieving a sustainable financial structure for the company.

Proposed Ownership Model for STORJ Token Holders

Storj management also said it intends to propose a model under which the management team, investors, the decentralized network community, and STORJ token holders could participate in ownership of the restructured company.

The company said any potential shares to be allocated to token holders have not yet been finalized. Participation terms, the distribution mechanism, and other details must be developed as part of the restructuring plan and approved by the court. Those details will be important because the company has not yet specified how token holders would qualify, how any distribution would be administered, or what approvals would be required beyond the bankruptcy court process.

Storj also said the Chapter 11 filing does not change the existing use cases of the STORJ token within the network. Company management said it would not make any assessment regarding the token price while the restructuring process is underway.