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Thousands of Americans will receive little or nothing from savings accounts that were locked during the collapse of fintech middleman #Synapse.
Customers believed the accounts were backed by the full faith and credit of the U.S. government.
CNBC spoke to a dozen customers caught in the predicament -- people who have lost sums ranging from $7,000 to well over $200,000.
While there’s not yet a full tally of those left shortchanged,
at fintech Yotta alone, 13,725 customers say they are being offered a combined $11.8 million despite putting in $64.9 million in deposits.
https://www.cnbc.com/2024/11/22/synapse-bankruptcy-thousands-of-americans-see-their-savings-vanish.html