Yotta promised its users their deposits were safe, just as if the money were in an FDIC-insured bank account. That proved to be disastrously wrong. After Yotta users’ funds were frozen in May ...

A Synapse contract that customers received after signing up for checking accounts stated that user money was insured by the FDIC for up to $250,000, according to a version seen by CNBC.

October 6: Synapse confirmed that it had laid off 86 people, or about 40% of the company. That was just four months after the company had let go of 18% of its workforce as “the current ...

Synapse collapse left 100,000 Americans out of $90m. One woman had $280,000 disappear after the collapse of a fintech company. She only ended up getting $500 back .

When it filed for bankruptcy in the spring, Synapse said it had only $2 million of cash on hand and owed multiples of that. ... they first have to figure out who has it.

Synapse, FTX, Binance — how many more fintech disasters can our system take? by Thomas P. Vartanian, opinion contributor - 07/25/24 12:00 PM ET ...

Sankaet Pathak’s last startup, fintech Synapse, filed for bankruptcy in 2024 amid issues with partner Evolve Bank & Trust.Tens of millions of dollars in deposits made by consumers, mostly ...

Figure 2: Synapse-Specific Memory Erasure (IMAGE) Japan Science and Technology Agency ...

CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to ...