Two years ago, Central Standard promised a beautiful, bracelet-like smartwatch with an E-Ink display, but now backers are getting nothing but apologies.

It’s just the latest of many crowdfunded wearable disasters, as the makers of the “World’s Thinnest Watch” realized that mass-producing such a device was more or less impossible. The  project’s halt has left many backers empty-handed, and it’s unclear whether they’ll get any of their money back.

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