I just posted something about this on ADV Rider. The article that reports on this is from Jalopnik:
The online parts seller declared bankruptcy in February, but the website stayed up, leading thousands of customers to pay for orders they would never receive.
jalopnik.com
Apparently some people have a problem with Jalopnik as a source of news, but the article is sourced with actual court filings in the bankruptcy case. I was particularly struck by this portion of a filing from the appointed bankruptcy trustee:
It remains unclear why the Debtor continued to operate its business well past the point of insolvency and, even worse, continued to accept online orders when it was apparent the Debtor would not be able to fulfill those orders. The Trustee is informed
and believes that the Debtor contemplated filing bankruptcy as early as February 2021 and was unable to pay its debts as they came due no later than by that time. Despite these facts, the Debtor continued to accept online orders and charge consumers credit cards at least until weeks or days before the petition date, for orders that it was knowingly unable to fulfill from its available inventory.".
Based on the bankruptcy filing, there is about $646,000 in unfulfilled orders that consumers have placed with Bike Bandit.