Loot Crates BANKRUPT! Owes Customer 20 Million In Crates!

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  • Published: 13 August 2019
  • With nearly 250,000 subscribers Loot Crates made a TON of money off of the gaming community. Today, they filed for bankruptcy.

    #Lootcrates
    #Gaming
  • Entertainment Entertainment

Comments • 1 813

  • TheQuartering
    TheQuartering   1 weeks back

    Wow! Just Like That The Entire Company Folds! They Owe 250,000 Subscribers Products So PLEASE Like & Share This Video To Get The Word Out!

    • Philippe H.
      Philippe H.  2 days back

      Because @Jalkie ,
      he knows exclusively about games, not grammar.

    • commandersalamander6
      commandersalamander6  2 days back

      Jalkie like what? Oh Jesus you’re one of those guys huh? Ok well let me answer with a question for you. Why do you feel the need to take someone to task for how they type? Do you really not have anything to say? Do you really want to be that person who adds nothing to a conversation? I bet you are a real blast at parties

    • Jalkie
      Jalkie  2 days back

      Why Do You Type Like This?

    • commandersalamander6
      commandersalamander6  1 weeks back

      Youtube's finest that a Metallica reference? Cuz that is hilarious!! I disappear lmfao

    • Philippe H.
      Philippe H.  1 weeks back

      Never enjoyed the format of random mystery box items... packs of cards and stickers even were some kind of consumer bullying i.m.o. . Learned that as a child, collecting Panini stickers and hockey cards because I felt that the capitalism part made it worthless vs buying used with the randomness and tricks needed to get the rarest items. But then loot crates are fun but when the worth / result don't deliverm why people bother? I can't even begin the discussion about loot boxes of vinyl : the problematic shipment of vinyl with them getting to people in great condition, it's literally asking for chaos and returns and exchanges and refunds.

  • Alec Olson
    Alec Olson  2 hours back

    I was a subscriber for years (of their anime box), but I unsunscribed about a year ago. Not becuase I was tired of getting random junk I never used, but just becuase the quality kept going down hill. At first there were always lots of cool things every month. Eventually the boxes just started coming with less and less stuff and of a lower quality. So I decided to just stop, it was fun to collect exclusives but even those dried up. Now a days I stick to the food crates, more specifically some of the japanese snack crates that are out there. Random chocolate and chips is always going to get eaten so I never feel like I am wasting anything.

    • jin pheonix
      jin pheonix  2 hours back

      I am or rather was a halo legendary crate subscriber and got an email a few weeks ago saying they're ending the legendary series of crates for the time being but are planning something for the launch of halo infinite then a few days ago saying the crate will be shipped soon and that all who pay for a subscription plan must cancel or they'll end up getting sent different crates instead (bimonthly only for me) and didn't realize the extent of what's happened I have yet to receive the last crate (over a week late) and have yet to cancel my subscription as it only stated in the email for those who had a 3 or 6 crate subscription to do so, so I'm going on a whim and probably gonna cancel my subscription to be safe and recommend everyone who orders a bimonthly crate (1 crate every 2 months) to do the same just to be safe

      • Tlot Pwist
        Tlot Pwist  9 hours back

        I'll step in and launch a similar business where you only receive Pingu merchandise.

        NOOT CRATE!

        • devilselbow
          devilselbow  6 hours back

          the next bezos right here folks

      • SouthParkCows88
        SouthParkCows88  9 hours back

        You didn't grow to fast................you just sold to much shit at a premium price for to long.

        • StealthNinja4577
          StealthNinja4577  15 hours back

          Eh loot crate would send you stuff that crossed multiple fandoms some of which you probably didn't care for. I got one way back and it just wasn't for me.

          • You got Cosbeyd
            You got Cosbeyd  19 hours back

            Good thing I saw this I was gonna re sub next week

            • laid07
              laid07  1 days back

              Loot Crate was always garbage.

              • Viscrid
                Viscrid  1 days back

                I signed up for a year's subsciption in April, never received a single crate. feeling like the real life bad-luck-brian at the moment

                • Red Coin
                  Red Coin  1 days back

                  So much for “Santa Claus 🤶 on steroids”. Yeah try Santa on withdrawal mate.

                  • Michael Pino
                    Michael Pino  1 days back

                    Don't blow it.
                    Keep it simple.
                    Count your money.

                    • Mailman BibBob
                      Mailman BibBob  2 days back

                      I was litterally just about to sign up for the halo crate :/

                      • BrokeMyNinja
                        BrokeMyNinja  2 days back

                        I was wondering why I havent received Crates in the last 4-6 months

                        • Life Of Lucifer
                          Life Of Lucifer  2 days back

                          Jeremy, under Chapter 11, withholding subscriptions means they will continue pulling money from subscribers without obligation to fulfill orders until creditors are satisfactorily paid off.

                          They can and will actually sue each and every subscribers for any late or missed payments for up to 6 months. This is typical bankruptcy court behavior for Chapter 11 proceedings by bankruptcy lawyers.

                          • NeckPUNCHattack
                            NeckPUNCHattack  2 days back

                            Jesus dude... steady your camera.

                            • Dante420
                              Dante420  3 days back

                              Last time I got a loot crate was back in feb 2019 this is now August and I’m still waiting they ow me about 5 boxes I don’t really care now but it’s a shame cos I enjoyed all the little bits I did I did email them but never heard anything back so

                              • Chase D
                                Chase D  3 days back

                                I felt like Loot Gaming was way better. I got a Doom glass that is really bad ass

                                • Je Ha
                                  Je Ha  3 days back

                                  They're still allowing you to subscribe on their site...

                                  • Combat Boots
                                    Combat Boots  3 days back

                                    Hope this serves as a foreshadowing to AAA game devs.

                                    • Sionyn Jones
                                      Sionyn Jones  3 days back

                                      Disgusting I feel really bad for the employees.

                                      • gundam fan
                                        gundam fan  3 days back

                                        i blame laymen gaming bros they are against loot boxes.. =P

                                        • Klyze
                                          Klyze  3 days back

                                          Friendly tip from an European viewer.
                                          I never use my real Credit Card info on websites, in ANY website trusted or not.
                                          In my country we have a service from the company that manages ATMs and such that alçlows us to create Virtual credit cards in seconds, i use those.
                                          Meaning if i want to buy something for (ex. 57.88 bucks) i create visa card with 60 bucks limit and, use that info to buy it, after paying if i let that card expirate (usually i set 1 month) or just cancel it in seconds.
                                          This way if i get my Credit Card data stolen by a keylogger/virus or a server data breach i just dont care, my real credit card info (that i actually never use and its never with me) its 100% safe.


                                          Anyways... makes canceling dubious subscriptions ALOT easier, i just cancel the card in secs.

                                          • Denrique Gouws
                                            Denrique Gouws  3 days back

                                            Man fuck you lootcrate i still need my March supscription box (the showdown theme) and still you did not refund me

                                            • MissPopuri
                                              MissPopuri  3 days back

                                              I certainly wasn’t going to pay good money to waste it on useless toys that clutter my house. Best decision ever made.

                                              • Gavin Sullivan
                                                Gavin Sullivan  3 days back

                                                Thank you for Saving me! No emails form loot crate about this stunt. Absolutely disappointed because I always looked forward to the halo Crate when I got home, huge fan. But now I have to sadly cancel my subscription, which now looking back on it was a bit overpriced but I am a sucker for halo gear, so I guess I had my fun but I should probably try to fight for the money I’m losing on those two Loot Crates i have “coming to me” I’m probably not getting could definitely use some help in getting my money back if the crates do not in fact come in. Guess it was a fun fad for the season \(-.-)/

                                                • colin a.
                                                  colin a.  3 days back

                                                  I'm glad I never got into that craziness, it looked like a shady practice in a person who wanted a quick buck from toys who nobody bought at gamestop(going under also).

                                                  • Kevin Lalach
                                                    Kevin Lalach  3 days back

                                                    Bought the six pack of Star trek boxes ended up with months of delays and only received 2 boxes. was told rest would be sent in first half of 2019 ... yeah bout that...

                                                    • Raptor RSR
                                                      Raptor RSR  3 days back

                                                      Lol rip to all the idiots who bought that

                                                      • Elemental Demon
                                                        Elemental Demon  3 days back

                                                        Just realised i didnt unsub from them after one i got and i didnt get the last two creights. Guess im out 100 bucks

                                                        • Sench
                                                          Sench  3 days back

                                                          It's almost like making people pay for a bunch of random cheap shit is not a good business model.

                                                          • Frederik Mar
                                                            Frederik Mar  3 days back

                                                            "Investor bails Loot Crate out after company goes bankrupt" (look it up)

                                                            • Samuel J Weber
                                                              Samuel J Weber  3 days back

                                                              It was all those Pop Vinyls

                                                              • Samuel J Weber
                                                                Samuel J Weber  3 days back

                                                                Before I get into watching this video, I wanna say that my GameStop has, at one point in time, been stocked with dozens of ThinkGeek boxes of merchanjunk, selling for at least 40% off. Edit: They May still be receiving the boxes due to their vast unpopularity.

                                                                • Joseph Stalin
                                                                  Joseph Stalin  3 days back

                                                                  Nerd chic is dying and that is a good thing.

                                                                  • Chris Nell
                                                                    Chris Nell  4 days back

                                                                    Ya im super pissed im still owed 2 loot crates 2 dx crates 1 gaming crate 2 anime crates 2 deadpool creates 3 fallout crates 3 loot wearables 3 risky business loot wear bundles all 3 lord of the rings crates 1 elder scrolls crate and the $165 batman crate with jacket. Im not getting any responses from the company and am basically butt pounded for almost a grand in crates. Fml

                                                                    • Matt B
                                                                      Matt B  4 days back

                                                                      Loot boxes in games are bad enough. I don't need them in real life too. Good riddance.

                                                                      • KirbyBro
                                                                        KirbyBro  4 days back

                                                                        So glad I didn't buy anything I was so tempted to 😅

                                                                        • Brigand Boy
                                                                          Brigand Boy  4 days back

                                                                          Man... I feel bad for them. I used to sub to them for the Firefly stuff. Got some great shirts out of those crates, as well as a few cool little nicknacks (I still use a keychain Serenity today, and it's years old at this point.)


                                                                          Sad day, though I knew it would come eventually.

                                                                          • Bruce Wayne
                                                                            Bruce Wayne  4 days back

                                                                            Lootcrate sucked ass from day 1. Only retards bought them. The company saw so many retards and used the opportunity to make bank.... should've got out sooner but got too greedy. Lol
                                                                            Business today is: do whatever and put out whatever because theres always retards out there who will fall for gimmicks and traps.

                                                                            Lootcrates deserves what it going through and lootcrate sub deserve what they are going through too. Stupidity has consequences, retards.

                                                                            • bobekfpj
                                                                              bobekfpj  4 days back

                                                                              I knew this was going to go out of business. It is unreasonable to except people to buy stuff that can only be put on a shelf for longer than couple of months. At some point the fad will fade and people will stop ordering it.

                                                                              • Stephen Crawford
                                                                                Stephen Crawford  4 days back

                                                                                I order my first 2 and only 2 loot crates a couple months ago. They were terrible, only good thing out of them was an alita figure... That's it

                                                                                • Blaze Rocker
                                                                                  Blaze Rocker  4 days back

                                                                                  Loot Crates ≠ Things you may actually value

                                                                                  • Billy Mays loves drugs

                                                                                    *it will help the....uh....visability*


                                                                                    -Jearbear 2019

                                                                                    • Smuffi
                                                                                      Smuffi  5 days back

                                                                                      F

                                                                                      • Josué Veguilla
                                                                                        Josué Veguilla  5 days back

                                                                                        OUCH!!!!! Loot Crates = GET WOKE GO BROKE

                                                                                        • AO
                                                                                          AO  5 days back

                                                                                          I knew it

                                                                                          • John h
                                                                                            John h  5 days back

                                                                                            Never understand loot crate one or two things of interest but mostly junk. It was a good idea but junk

                                                                                            • Nephilim1977
                                                                                              Nephilim1977  5 days back

                                                                                              Same thing happened to Nerdblock 2 years ago I think. Lost like 75 bucks cause of that. Despite most of the items being cheap, I'm still sad to see these things go.