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.
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