Storj Files Chapter 11 to Resolve Legacy Debt

1 week ago 4

Rommie Analytics

Key Takeaways:

  • Storj has made an informed decision to file for Chapter 11 to restructure its legacy liabilities without halting business as usual.
  • During the process, the decentralized storage network, the customers’ services and the token’s usefulness are not affected.
  • The company intends to reshape future ownership between management, token holders, investors and its decentralized community.