An open letter to the Storj token community: the restructuring, the network, and a proposed path to shared ownership
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An open letter to the Storj token community: the restructuring, the network, and a proposed path to shared ownership<br>Trisha Winter<br>July 26, 2026
To our token holders and network participants,<br>Today Storj Management and Board have commenced a voluntary, court-supervised financial restructuring — an accelerated reorganization. You deserve more than a press release, so here is the full picture, plainly.<br>Why we did this. The company carries liabilities that largely predate our current strategy. Inveniam has continued to support us, and the operating business has been right-sized — lean team, disciplined costs. But past obligations of this scale cannot be outgrown; they can only be resolved. This process resolves them in one place, under court supervision, with full transparency, and gives us the time to present a strong business plan for what comes next.<br>The network and the token today. The network continues to operate normally. The token’s utility in the network is unchanged by today’s announcement. We will not comment on price — not today, not during the process; we know trading has been quiet and low for a long time, and nothing in this letter is a prediction or an inducement to buy or sell anything.<br>The path we intend to propose. Our goal — stated openly — is that the restructured company be owned by the people who built it and the people who believed in it: management, this decentralized community, Token holders and other investors. Concretely, we intend to propose, as part of a plan of reorganization, a mechanism for Token holders to participate in the equity of the restructured company. The design (eligibility, mechanics, and terms) will be developed during the process and disclosed formally.<br>What we cannot promise. A plan must be approved through the court process, and the law sets priorities among stakeholders that we must respect. So we are promising you a seat at the table and a genuine intention — not an outcome. We would rather be straight with you now than walk anything back later.<br>How to engage — concretely:<br>Organization: we strongly encourage token holders who wish to organize as a group during the process are welcome to do so; we are keen to engage constructively with any representative group, and the email above is the starting point. Please reach out so that we can build Storj with our community.<br>Dedicated channel: community@storj.io — staffed, read daily, with a commitment to respond within [2] business days.<br>Open AMA with Storj management team: TBD. Questions can be submitted in advance via the email above.<br>Formal process information: court documents, timelines, and official notices. If you believe you hold a claim, please email community@storj.io — please rely on it over rumor.<br>Kaloyan Raev, Director, Software Engineering, Storj<br>Important: This letter is for information only. It is not an offer or solicitation of any security or token, not a promise of any recovery or distribution, and not financial advice. Any participation by token holders in the restructured company will occur only pursuant to a court-approved plan and definitive documentation, and applicable securities laws.
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An open letter to the Storj token community: the restructuring, the network, and a proposed path to shared ownership
Storj announces voluntary financial restructuring to resolve legacy liabilities and position the business for growth
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