The company changed names and was sold in a stock restructuring. They took the money from community backers, refuse to deliver the books to them. Now they claim they have no responsibility to pay author’s royalties for books already sold, they also don’t have money to deliver or ship books. Half the people who work there quit. It’s 238 authors who are collectively owed more than £650,000.
Link is one YouTuber’s account of the situation from the POV of an author.
Here’s a news article about the situation: “If I wasn’t so f*cking angry, I’d laugh”: Boundless delays author payments
And another: After Unbound’s Collapse, Boundless Faces Uphill Battle to Rebuild Trust
“There is a misconception of this being an easy thing to do. It’s not. Administration is not an easy path and not somehow evading all responsibilities. It’s hard…” - you pay for your coffee. Barista gets out of the coffee shop, comes back in 5 minutes chewing a bagel: “It’s hard to make coffee these days! Btw, we’re out of beans”