[Storj Labs Files for Bankruptcy Protection, Operations to Continue] Foresight News reports that the parent company of the encrypted cloud storage platform Storj, Storj Labs, has announced it has filed for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code to address historical debts and continue operations. The company stated that business will proceed as usual during the reorganization period without any disruption to customer services and plans for the reorganized company to be jointly owned by management, the community, STORJ token holders, and investors.