Decentralized cloud storage project Storj's parent company, Storj Labs, announced that it has voluntarily filed for Chapter 11 bankruptcy under U.S. bankruptcy law to address historical debt and continue operations. The company stated that business will proceed as usual during the restructuring period without any disruption to customer services. The reorganized company is planned to be jointly owned by the management team, community, STORJ token holders, and investors. Storj, founded in 2014, is a decentralized storage network where users can share unused hard drive space to provide cloud storage services to global customers, with incentives and payments made using the STORJ token. https://(wublock123.com)/news/storj-labs-filesharing-project-files-declares-chapter-11-bankruptcy-operations-continue-65343