Cloud data firm Storj files for Chapter 11, extending a week of crypto failures. Token slides 16%

AI Summary The decentralized data storage company says operations continue and proposes that token holders take equity in the restructured business — an unusual arrangement in bankruptcy. fulltext: 176 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.coindesk.com/business/2026/07/27/cloud-data-firm-storj-files-for-chapter-11-extending-a-week-of-crypto-failures-token-slides-16 Source: CoinDesk