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Project Overview
Storj is an open-source, decentralized cloud storage layer that enables developers to build the best data protection and privacy into their applications. The STORJ token facilitates coordination between different parties within the network to transfer value at scale, in a way that is consistent with the goals of the wider network, such as immutability, security, and third-party verifiability.
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Decentralized storage project Storj Labs files for bankruptcy protection
According to Cointelegraph, decentralized cloud storage provider Storj Labs has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court for the Northern District of West Virginia. The company stated that during the restructuring, the network will maintain normal operations, customer service will not be affected, and parent company Inveniam will continue to provide support. Storj management plans to propose a mechanism allowing STORJ token holders to participate in the equity of the restructured company, but specific eligibility criteria, token snapshots or lock-up arrangements, and equity allocation ratios have not yet been disclosed; any plan must be approved by the court.
Binance Adds Multiple Tokens, Including ALCX, COOKIE, and DODO, to Its Monitoring List
According to an official announcement, Binance has added ALCX, COOKIE, DODO, EPIC, HEI, HFT, STORJ, SYN, and TLM to its monitoring list.
Binance to Add Monitoring Tags to ALCX, COOKIE, DODO and Other Tokens
According to an official announcement, following a recent review, Binance will add monitoring tags to the following tokens on May 22, 2026: Alchemix (ALCX), Cookie DAO (COOKIE), DODO (DODO), Epic Chain (EPIC), Heima (HEI), Hashflow (HFT), Storj (STORJ), Synapse (SYN), and Alien Worlds (TLM). Tokens with monitoring tags may exhibit higher volatility and risk compared to other listed tokens. Binance will closely monitor and continuously review these tokens. Trading these monitoring-tagged tokens carries risks, and these tokens may no longer meet the listing criteria, potentially leading to delisting.