Storj Labs, the company operating a decentralized cloud storage network, has initiated a voluntary Chapter 11 bankruptcy proceeding as part of a planned financial restructuring. The filing took place on July 26, 2026, in the United States Bankruptcy Court for the Northern District of West Virginia under case number 5:26-bk-00512. The company has emphasized that its decentralized storage network, customer services, and everyday business activities will proceed without disruption throughout the court-supervised process. Storj Labs stated that it anticipates no interruptions for users and plans to meet ongoing commitments, subject to standard bankruptcy court oversight and legal requirements. Despite the price reaction, the company stressed that the token’s utility within the network remains unchanged and that network operations continue normally.