Alright, well, this is what I hear.  I don't think any of this is secret, it's just secondhand information.  I assume it's accurate, but I have no personal knowledge.

Hashfast's debt to customers is significantly into 8 digits, i.e. > US $10,000,000.  Maybe even $15 million.

Hashfast also has debt to suppliers, perhaps around $2 million.  The suppliers may physically control some Hashfast assets, cough, like the important ones.

Emerging from bankruptcy will require a large infusion of cash.  It is not clear if anyone is prepared to make such an investment at all, much less on terms acceptable to the creditors.

The obvious question is where all the damn money went.  I have nothing new about that.  I've previously posted my own suspicions.

It also brings to mind Hashfast's later apologists, like Amy A. and now, the "dog".  What bullshit they are full of.  

Come on, Amy, claiming Hashfast was solvent until the day before you were fired?  Lie.

Dog, you're trying to rewrite events into a narrative that makes you feel better about what happened, and which I doubt has much to do with reality.