A US Trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites ‘gross mismanagement’

The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after a United States Trustee filed an emergency motion on Wednesday.  The trustee is asking to convert the company’s debt reorganization Chapter 11 bankruptcy into a liquidation Chapter 7, according to court documents. The trustee wrote that the need for … Read more

Temu accused of breaching EU’s DSA in bundle of consumer complaints

Consumer protection groups around the European Union have filed coordinated complaints against Temu, accusing the Chinese-owned ultra low-cost e-commerce platform of a raft of breaches related to the bloc’s Digital Services Act (DSA). Temu only launched in the region about a year ago but recently reported blasting past 75 million monthly users. Penalties for confirmed … Read more

Intel Arrow Lake leak suggests processors could arrive sooner than expected to help fend off threats from AMD, Apple and ARM

U8PujMaQW46fPXWd5AYb7H

Intel’s Arrow Lake CPUs have been the subject of another leak, and we’ve had a sighting of silicon for desktop PCs and laptops from the next-gen range. Wccftech noticed that leaker Harukaze5719 on X (formerly Twitter) again shared shipping details of some Arrow Lake chips, which will be Intel’s next-gen Core Ultra 200 line-up. ARL-HX … Read more