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🤔🤷♂️ so ….AI startup’s $11M in cash goes “missing” https://t.co/3qbacMV6jI
Allegations that an account that should have had $11 million had only 37 cents. On enterprise AI startup: CEO resigns, staff laid off after $11M in cash goes missing https://t.co/YA8yZ0Sa1P via @GamesBeat #On #GameOn
“To our shock and horror, we discovered that, in reality, the account balance in that bank was only 37 cents.” On enterprise AI startup: CEO resigns, staff laid off after $11M in cash goes missing | VentureBeat https://t.co/2EUXjMuuBE
Synapse Financial, a consumer fintech firm, declared bankruptcy, resulting in frozen accounts and $96 million missing. On, an enterprise AI startup, faced financial turmoil with allegations of missing $11 million, leading to layoffs and the CEO's resignation. The incident has raised concerns about the BaaS concept and digital banking as millions of consumers with nearly $160 million in deposits are unable to access their funds.