The founder and CEO of Singapore-based marketplace Qoo10 has pledged to use his personal assets to secure about $ 58 million (80 billion KRW) to compensate South Korean customers and vendors affected by his company’s liquidity crisis, which in turn resulted in failed payments to about 60,000 small merchants who sell through its Korean marketplace […]
VW taps Rivian in $5B EV deal and the fight over Fisker’s assets
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Am I the only one whose head is spinning from all of the transpo news this week? Reminder, it’s only Thursday morning. Let’s jump in! Oh wait, […]
The fight over Fisker’s assets is already heating up
Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets “outside the court’s supervision.” At issue is the relationship between Fisker and its largest secured lender, Heights Capital Management, an affiliate of financial services company […]
Prosecutors Freeze Malicious YouTuber Sojang’s Assets Worth Millions
According to reports, the YouTuber behind the infamous K-Pop channel Sojang, identified by her surname Park, had her assets frozen by prosecutors. | YouTube On May 24, the Incheon District Prosecutors’ Office announced that the court had accepted their request to partially seize the assets of Park, who was indicted on charges of defamation and insult […]
SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy
After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two companies. The deal is pending bankruptcy court approval. Founded in 2017, Mountain View-based TabaPay is an instant money movement platform that Softbank backed in a 2022 round of an […]