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Storj Labs Bankruptcy Comes After $35M Raised — But It’s Not a Collapse

Covered by 2 sources · 2 articles

2 outlets - including Thecoinrepublic and Cryptonomist - are covering this story. Key Insights: Storj Labs has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court, Northern District of West Virginia. It previously raised approximately $35 million through equity funding, grants, and a token sale. The f…

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Storj Labs Seeks Bankruptcy Protection After Raising $35M
The Coin Republic News Jul 27, 17:00 UTC

Storj Labs Seeks Bankruptcy Protection After Raising $35M

Key Insights: Storj Labs has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court, Northern District of West Virginia. It previously raised approximately $35 million through equity funding, grants, and a token sale. The f…

Storj Labs Bankruptcy Comes After $35M Raised — But It’s Not a Collapse
Cryptonomist Jul 27, 08:45 UTC

Storj Labs Bankruptcy Comes After $35M Raised — But It’s Not a Collapse

A decentralized cloud storage company that once raised $35 million and ran a landmark crypto token offering just filed for bankruptcy protection — but the story is more complicated than a simple collapse. Storj Labs filed for Chapter 11 ban…