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56 Cloud data firm Storj files for Chapter 11, extending a week of crypto failures. Token slides 16%

CoinDesk
Shaurya Malwa @ CoinDesk 2 place · today 05:15 EDT

Cloud data firm Storj files for Chapter 11, extending a week of crypto failures. Token slides 16%

The decentralized data storage company says operations continue and proposes that token holders take equity in the restructured business — an unusual arrangement in bankruptcy.

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