The founder of the Gateway Pundit, the infamous conspiracy theory site, announced on Wednesday that the company had declared bankruptcy.

The Gateway Pundit, a far-right news site, filed for bankruptcy Wednesday, following litigation by election workers and others who faced harassment after the site made false claims that the 2020 U.S.

The far-right blog Gateway Pundit announced that its parent company has filed for bankruptcy protection in Florida “as a result of the progressive liberal lawfare attacks against our media outlet." The website's founder Jim Hoft wrote about the situation on Wednesday.

The Gateway Pundit's parent company, TGP Communications, will seek bankruptcy protection in the Southern District of Florida, according to Hoft's statement.

US far-right conspiracy website Gateway Pundit is filing for bankruptcy, its founder said Wednesday, as it battles a string of lawsuits alleging it promoted misinformation related to the 2020 election.

Far-right website The Gateway Pundit is declaring bankruptcy, founder Jim Hoft announced Wednesday. The big picture: The site is facing a lawsuit from two election workers over accusations it committed ballot fraud to alter the outcome of the 2020 presidential election in Georgia.

Jim Hoft, the founder of popular MAGA conspiracy blog The Gateway Pundit, announced on Wednesday that the site is filing for bankruptcy as it faces lawsuits accusing it of peddling defamatory lies about the 2020 presidential election.