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.
  • @Modern_medicine_isnt
    1•3 days ago

    Yeah, both were really spending other people’s money that they got through fraud and such.

    • @venusaur
      2•3 days ago

      Some people say there is no way to be an ethical billionaire

      • @Modern_medicine_isnt
        1•9 hours ago

        I think it’s fair to say if there is a way, it’s a corner case. Like maybe one of Elon’s many kids turns out okay and ends up inheriting a few billion.
        Unlike the saturday morning cartoons from when I grew up… evil pays.