Hydrophobia developer Dark Energy Digital is bankrupt, and entering administration, reports GamesIndustry.biz (registration required). They say employees have already begun receiving pink slips, and offer the following outline of their understanding of the situation: "A source at the company told GamesIndustry.biz that staff are concerned about outstanding payments. The company was originally known as Blade Interactive when it began work on Hydrophobia, but went bust in 2008, before owners Peter and Deborah Jones resurfaced with a new company under the name Dark Energy Digital."