The official account of Rivermen, one of the hottest NFT projects in China's last bull market, stated that the parent company had declared bankruptcy and owed employees about $80k in salaries.

Rivermen price reached a historical high of about 1.2 ETH in March 2023 (~$2.2k), with a market value of about $20m. The current floor price is only 0.0075 ETH (~$28.6).