Bitwise Industries Faces Bankruptcy and FBI Investigation
Tech company Bitwise Industries has filed for Chapter 7 bankruptcy, also known as liquidation bankruptcy, in the United States Bankruptcy Court for the District of Delaware. The filing includes 17 pages of creditors, including employees owed back pay and clients such as the Fresno Chaffee Zoo and the Central Valley Food bank. Bitwise is currently facing a federal criminal investigation, and is also being sued by an investor for not repaying a $6 million loan.