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Storj filed for Chapter 11 bankruptcy due to legacy debt pressure, causing token price drop.

Storj, the decentralized storage platform, has filed for Chapter 11 bankruptcy protection in the United States due to pressure from legacy debt, causing the STORJ token price to drop by 17% following the announcement. The filing aims to restructure debt and continue operations under bankruptcy court protection.
StorjStorj filed for Chapter 11 bankruptcy due to legacy debt pressure, causing token price drop.