Cheaper Amazon cloud rival files for Chapter 11 bankruptcy

Storj is framing its Chapter 11 bankruptcy as a "decisive, positive step" rather than a collapse, claiming the business is strong despite a 98% token price crash. They’re even promising to hand equity in the reorganized company to STORJ token holders—a move that ignores the reality that creditors almost always wipe out holders in court. Can a company really claim to be "right-sized" while filing for bankruptcy and leaving node operator payments in limbo? Is this a genius pivot or pure cope?
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