this post was submitted on 22 Nov 2024
184 points (98.4% liked)

Technology

59578 readers
3218 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
184
'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis (www.cnbc.com)
submitted 16 hours ago by [email protected] to c/[email protected]
43 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 21 points 7 hours ago (2 children)

Risky investment turns out to be risky. No one could have seen that coming.

[–] [email protected] 4 points 42 minutes ago

This isn't about shareholders being wiped out. It's about account holders of what they thought were bank accounts losing everything because their accounts were powered on the back end by a company they'd never heard of or directly dealt with.

[–] [email protected] 11 points 7 hours ago

If you see this as investment, the consider that investors were lied to (the startups claimed to have FDIC coverage) and didn't have accurate information to assess the risk.