CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.

KEY POINTS

  • 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.
  • kent_eh@lemmy.caEnglish
    15·
    29 days ago

    Seems like the sort of thing the SEC might investigate.

    Who knows what investigations are going on. They don’t always put out a press release at the start of every investigation.

    • treadful@lemmy.zipEnglish
      5·
      29 days ago

      Maybe. But you’d think the reporter might ask some of the relevant agencies. Or the victims they interviewed might mention it.