#Chapter11 — Zipp

STORJ drops 20% as Storj Labs files Chapter 11 bankruptcy

46d ago

STORJ drops 20% as Storj Labs files Chapter 11 bankruptcy

The July cluster now includes Storj, BitMEX, Movement Labs, Poolin and BitMart, a reminder that the crypto shutdown wave is hitting infrastructure, not just tokens.

TheBlock

Storj Labs bankruptcy filing sends STORJ down 16% to $0.06

🩸BEARISH

46d ago

Storj Labs bankruptcy filing sends STORJ down 16% to $0.06

Storj is the fourth crypto firm in seven days to fail or wind down, and the only one offering token holders equity in the restructured business; that alone makes this filing worth watching.

CoinDesk

Bitcoin Depot Files Chapter 11 to Wind Down US Crypto ATM Network

🩸BEARISH

116d ago

Bitcoin Depot Files Chapter 11 to Wind Down US Crypto ATM Network

A $3.7M breach in April was the final blow to a business model the operator says regulators had already made unsustainable — the largest US BTM operator is now exiting.

TheBlock