VTuber agency VShojo is closing down following a significant talent exodus. CEO Justin "Gunrun" Ignacio announced the closure on X, taking responsibility for the decisions leading to the shutdown. The crisis began with Ironmouse, a top VTuber, leaving over a reported missing $500,000 charity donation and unpaid funds. This triggered a wave of departures, with 12 out of 13 creators citing similar issues like unpaid wages. VShojo had raised $11 million to implement a "talent-first" model, but ultimately faced financial difficulties. The company's closure marks a significant shift in the VTuber landscape.