From Yahoo Finance: 2025-06-04 12:30:00

Landa, a proptech startup, faces operational and legal challenges with non-functional app and investment portal. Users unable to access funds or receive dividends, per TechCrunch.

130+ complaints filed with BBB against Landa for frozen withdrawals and lack of communication. Investors express anxiety over funds’ safety, some having thousands stuck on the platform.

Viola Credit and L Finance sue Landa for defaulting on $35M+ in loans, mismanaging properties. Court appoints manager for 119 properties due to concerns over condition and management.

CEO Yishai Cohen assures investors of platform restoration efforts, blames ongoing issues on server problems. Court records contradict Cohen’s claim, showing frozen corporate accounts.

Landa must provide detailed accounting of allegedly missing funds by June 4, as per Judge Schecter’s deadline. Other startups shift focus in the fractional real estate investment sector amid Landa’s troubles.

Read more: Landa’s $5 Real Estate Dream Turns Nightmare As Platform Goes Dark