2024-11-24
This in unacceptable. The public pays for a banking regulatory system to keep our $$$ safe. >> “...Thousands of Americans will receive little or nothing from savings accounts that were locked during the collapse of #fintech middleman Synapse.” https://www.cnbc.com/...
CNBC
Customers of banking startups like Yotta describe losing savings ranging from $7,000 to $200,000+ due to Synapse's collapse, after US regulators refused to help
Customers believed the accounts were backed by the full faith and credit of the U.S. government. … Augie Ray / @augieray@mastodon.social : For fifteen years, I've heard how traditi...