Storj Labs Inc.

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Storj Labs Inc.

Basic information
Founded	2014-04-09
Legal Structure	Corporation
Industry	Decentralized Cloud Storage
Also known as
Official website	https://www.storj.io/

Storj Labs Inc. was founded in 2014 by Shawn Wilkinson to create a more affordable and secure S3-compatable object cloud storage solution by using the excess hard drive space in Storj Nodes hosted by the community.

Consumer impact summary

Overview of concerns that arise from the conduct towards users of the product (if applicable):

• User freedom
• User privacy
• Business model
• Market control

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Incidents

Discontinuation of free tier and addition of minimum monthly fee (2024—2025)

Main article: Storj.io constantly removes free or low cost services

In February 2024, Storj announced the discontinuation of its Free Tier, effective April 1, 2024, requiring all users to transition to paid Pro accounts to continue using the service. Users who failed or refused to by the deadline had their accounts frozen and data rendered inaccessible until payment was added.

In May 2025, Storj announced a new pricing policy introducing a $5/month minimum fee for all users, regardless of actual usage.

Inveniam purchases Storj (October 2025)

In an announcement on their website, Storj announce that Inveniam had purchased Storj with no specific terms released. Though Storj confirms that it was the result of a Reverse Triangular Merger, wherein the primary form of consideration was Inveniam stock.

Adjusted minimum monthly fee (June 2026)

In the purchase announcement from Storj and Inveniam released in October 2025, the storage team confirms that the pricing and contracts will not change for both operators and customers

How does this affect current service contracts and pricing? There are no changes. Storj will honor existing service agreements, previously announced pricing structures, and customer commitments.

However, just 8 months later Storj announce June 1st of 2026 Storj sent a notice out to all customers stating that their minimum billing amounts would be increasing from $5.00/mo. to $50.00/mo. for accounts that do not make payment using the back end STORJ Token.

This was obviously met with uproar by the community (case in point, the /r/storj subreddit) and Storj took notice. On or around (still need exact date), Storj sent out an email alerting users to "Please Disregard Previous Account Suspension Notice." Stating that Storj accounts that were created through the TrueNas interface were sent the $50/mo. notice erroneously. This confirms the intentions of Storj to "root-out" the HomeLab users that Storj was so keen to acquire in the beginning, and move towards more commercial corporate AI related customers.^{[citation needed]}

Storj Files for Chapter 11 bankruptcy (July 2026)

On July 26, 2026, the Storj Management and Board entered into a voluntary Chapter 11 bankruptcy to restructure past obligations that largely predate the current strategy.

See also

Link to relevant theme articles or companies with similar incidents.

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