$0.06. That is where STORJ settled on July 26 after a 19% decline, the same session Storj Labs filed voluntary Chapter 11 bankruptcy. The company cited legacy liabilities as the stated driver.
What the filing covers
Storj Labs classified the Chapter 11 as voluntary. The disclosed objective is to resolve legacy liabilities through the bankruptcy process. Chapter 11 allows a company to continue operating while it reorganizes its obligations under court oversight. The dollar value of those liabilities does not appear in the source.
Price action
The 19% figure is the precise intraday move; the source headline rounds it to 20%. Anyone holding STORJ above $0.06 on July 26 absorbed that loss within the session. The source provides no trading volume or market capitalization to size the move against.
The practical question for any protocol token is what happens to network economics once the corporate layer files. The source does not address it.
Sector framing
The source positions Storj Labs within what it calls a crypto shutdown wave. No other firms in that wave are named. A Chapter 11 filing at least provides a court-supervised process. At $0.06, the token price is the market's answer to how much that distinction matters.
Note to editor: source material yields verified figures of one price point ($0.06), one percentage (19%), and one date (July 26). The piece reflects that ceiling. Any expansion requires a primary document or additional reporting.