Zano Drone’s Creators Go Bankrupt After Record-Breaking Kickstarter, Backers Left Empty-Handed

In yet another unfortunate reminder that crowdfunding campaigns can, and very often do, collapse under their own weight, the startup company responsible for the hugely successful Zano drone Kickstarter campaign has gone bankrupt.

The Zano became the most funded Kickstarter campaign ever in Europe, raising £2.3 million ($3.4 million) for British startups Torquing Group. However, after initially stating that they would be shipping the drones to…

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