liquidation

The exact details of the circumstances leading up to Manchester Pride going into liquidation aren't yet known.

"This ensures that even in the worst-case scenario, the threat of liquidation will not be an option."

But instead, the month has mostly been marked by losses following the biggest single-day liquidation event in the history of cryptocurrency, which wiped out at least $20 billion in positions.

A music festival has been held for the last time after the company behind it announced it had gone into liquidation.

The charity behind Manchester Pride has now confirmed it's gone into voluntary liquidation - a formal process for shutting down organisations that have run out of cash.