It started out with just one geeky subscription box whose theme changed every month, but soon started adding more loot, such as box upgrades, limited-edition themes like Ghostbusters and Star Trek (above), and eventually (in addition to its regular box) separate subscriptions for gamers, comic enthusiasts, and just about everything else in pop culture. Loot Crate may have grown into a behemoth too fast. This isn’t the first time the company has run into financial problems, having defaulted on a $21 million loan just two years ago. In the meantime, Loot Crate and its remaining 60 full-time employees will stay afloat wit a $10 million bankruptcy loan from Money Chest LLC, one of its investors. "After careful review of a wide range of available options, management determined that a sale of the Company is in the best interests of all parties, including our valued Looters (customers) and employees." "We have worked diligently to overcome challenges …we are very pleased with our progress from an operational efficiency standpoint, however, the company still faces liquidity issues," Loot Crate's CEO Chris Davis said in a press release. But that might be an issue when it still has $20 million in outstanding orders to go. It also promises to fulfill all pending orders during that time period. Loot Crate has been laying off workers and plans to sell its assets to the highest bidder within the next 45 days. The company, which has been curating (mostly) genre-themed boxes of collectibles and swag since 2012 - and still has around 250,000 subscribers - has just announced that it is filing for Chapter 11 bankruptcy. Cue anguished sighs heard round the internet. It’s kind of hard to believe that anything could ever take down the ultimate geek subscription box, but Loot Crate is officially going under.