Re:Yotta Bank and the Problem with Fintech (Patrick Boyle) [...
by wat10000 on Monday December 02, 2024 @08:23AM
(#42295945)
It’s not just a matter of tying depositors to their money. There’s something like $100 million that’s actually missing. It’s not clear whether it’s just a matter of finding the accounts or whether it’s actually been stolen somehow. Synapse managed the money. They say it’s with Evolve Bank & Trust, but Evolve says they don’t have it. It seems likely that it was moved and they just lost track, but that doesn’t seem to be entirely known yet.
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