Published Jul 27, 2026, 5:54 AM ET · Updated 4 months ago · 3 sources
THE BLOCK: Decentralized storage firm Storj Labs files voluntary Chapter 11 to clear legacy liabilities from earlier acquisitions, with STORJ down 19% on the day. BitMEX, Movement Labs, Poolin and BitMart have all also folded or filed in July. Storj's storage network keeps running as normal, the company said.
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THE BLOCK: Decentralized storage firm Storj Labs files voluntary Chapter 11 to clear legacy liabilities from earlier acquisitions, with STORJ down 19% on the day. BitMEX, Movement Labs, Poolin and BitMart have all also folded or filed in July. Storj's storage network keeps running as normal, the company said.