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 • 1 797

  • TheQuartering
    TheQuartering   4 months 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!

    • Eugenio Olivencia
      Eugenio Olivencia  4 months back

      I just got an email telling me that Loot crate won’t be shipping their next crate until October! Fuck this shit I’m out! The writing is one the wall! The quality of the crates are getting worse with repurposed bullshit that I don’t want and no t-shirt last month

    • commandersalamander6
      commandersalamander6  4 months 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  4 months back

      Why Do You Type Like This?

    • commandersalamander6
      commandersalamander6  4 months back

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

    • Okami Kami
      Okami Kami  4 months back

      @Stinz Maynard Bad management and shady sales tactics.

  • yo_ Rio
    yo_ Rio  4 weeks back

    I’m pretty sure the life cycle of a box based subscription is a month or two of a trial period and if you hate it you cancel subscription or love it and it’s a monthly ritual lol...this guy.

    • DankPoe
      DankPoe  3 months back

      They are still making lootcrates like a doom themed one, too bad they still haven't supplied the lootcrates to people who didn't get them

      • LunaChick415
        LunaChick415  3 months back

        I remember watching a few unboxing videos for Loot Crate, and I was never impressed enough with what I saw to buy into it myself. Not really surprised it went bankrupt.

        • Pentu Prager
          Pentu Prager  3 months back

          Already took my vits and med before we left the house.

          • Babbleplay
            Babbleplay  3 months back

            That explains why I haven't gotten my prepaid crates for two months,

            • Raquel Rodriguez
              Raquel Rodriguez  4 months back

              Keep trying to cancel my subscription and keep getting emails that it's being reactivated. Also still haven't recieved any crates on my 3months subscription plan. Paid in June 2019 and still nothing.

              • panterabrah
                panterabrah  4 months back

                Yeah fux loot crate, I'm owed crates if you're having trouble cancelling, go to your account and edit payment, for some reason to unsubscribe is on this page, and be prepared for the ultimate slap in the face as they offer you 9 dollars off your next crate...

                • Kindlesmith80
                  Kindlesmith80  4 months back

                  Bummer. Box of random shit no longer being sent. I recall several videos years back of Youtubers advertising this junk.
                  Sounds scummy.
                  Sucks seeing it was so highly marketed.

                  • Gabriel Tobing
                    Gabriel Tobing  4 months back

                    Still better than EA’s loot crates XD

                    • asari shepard
                      asari shepard  4 months back

                      and yet they still email me to get another loot crate! how dishonest if they can't send it.

                      • armiks22
                        armiks22  4 months back

                        I'm only hearing about this Loot Crate existence today. 0 shits given.

                        • Jerry Mcgregor
                          Jerry Mcgregor  4 months back

                          What you should be asking is why is this the first article about such a theft from a corporation that will never be held to account. Who says that the urinalists aren’t in these corporations pockets

                          • InSomnia DrEvil
                            InSomnia DrEvil  4 months back

                            Charge back, cancel, and so on.
                            They cant charge you for thin air!

                            • Activated Complex
                              Activated Complex  4 months back

                              With the millions in sales taxes they’re behind on, as well, they’ve managed to screw over even those of us who have never subscribed and have never ordered a single box of their generically geeky crap.

                              • KeepingEel
                                KeepingEel  4 months back

                                I remember telling my friend why he was getting very little for all that Japanese stuff he got in his loot crates.

                                • Amy Showers
                                  Amy Showers  4 months back

                                  OMG, I didn't know about this until I just got an email about this. I am owed 3 backlogged crates and have a box that still has boxes due to me as I had a yearly subscription which means my money is lost. They should refund balances to those who paid for yearly subscriptions and aren't going to get the rest of their crates. I just jumped onto their website to make sure to skip any monthly subscriptions. For a company who is filing for Chapter 11 they are pushing discounts. Unfortunately for a lot of us, it is long past the time to call CC companies to get chargebacks.

                                  • Amy Showers
                                    Amy Showers  4 months back

                                    OMG, I didn't know about this until I just got an email about this. I am owed 3 backlogged crates and have a box that still has boxes due to me as I had a yearly subscription which means my money is lost. They should refund balances to those who paid for yearly subscriptions and aren't going to get the rest of their crates. I just jumped onto their website to make sure to skip any monthly subscriptions. For a company who is filing for Chapter 11 they are pushing discounts. Unfortunately for a lot of us, it is long past the time to call CC companies to get chargebacks.

                                    • Aaron Cooke
                                      Aaron Cooke  4 months back

                                      Hey

                                      • Chris Cantrell
                                        Chris Cantrell  4 months back

                                        It was a stupid company with a stupid idea. Nothing of value was lost.

                                        • Liam Rafferty
                                          Liam Rafferty  4 months back

                                          I know it. The crates were getting worse and repeating stuff from older crate.

                                          • Hoi Poi
                                            Hoi Poi  4 months back

                                            Cringy to say share and like the video to help end your loot crate sub problem. Just tell them to chargeback from the get go.

                                            • Alec Olson
                                              Alec Olson  4 months 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  4 months 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  4 months back

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

                                                  NOOT CRATE!

                                                  • devilselbow
                                                    devilselbow  4 months back

                                                    the next bezos right here folks

                                                • SouthParkCows88
                                                  SouthParkCows88  4 months back

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

                                                  • StealthNinja4577
                                                    StealthNinja4577  4 months 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.

                                                    • Gun nut Level 3
                                                      Gun nut Level 3  4 months back

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

                                                      • laid07
                                                        laid07  4 months back

                                                        Loot Crate was always garbage.

                                                        • Viscrid
                                                          Viscrid  4 months 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  4 months back

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

                                                            • Michael Pino
                                                              Michael Pino  4 months back

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

                                                              • Mailman BibBob
                                                                Mailman BibBob  4 months back

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

                                                                • BrokeMyNinja
                                                                  BrokeMyNinja  4 months back

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

                                                                  • Life Of Lucifer's Station Wagon Dragon Of Fun

                                                                    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  4 months back

                                                                      Jesus dude... steady your camera.

                                                                      • Dante420
                                                                        Dante420  4 months 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  4 months back

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

                                                                          • Je Ha
                                                                            Je Ha  4 months back

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

                                                                            • Combat Boots
                                                                              Combat Boots  4 months back

                                                                              Hope this serves as a foreshadowing to AAA game devs.

                                                                              • Sionyn Jones
                                                                                Sionyn Jones  4 months back

                                                                                Disgusting I feel really bad for the employees.

                                                                                • gundam fan
                                                                                  gundam fan  4 months back

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

                                                                                  • Klyze
                                                                                    Klyze  4 months 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  4 months back

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

                                                                                      • MissPopuri
                                                                                        MissPopuri  4 months 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  4 months 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
                                                                                            Colin  4 months 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  4 months 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...