this post was submitted on 22 Nov 2024
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225
'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis (www.cnbc.com)
submitted 18 hours ago by [email protected] to c/[email protected]
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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.

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[โ€“] [email protected] 2 points 3 hours ago (1 children)

Me either, it sounds like it was a gambling site that encouraged large deposits and offered some sort of benefits for doing so. This seems extremely unethical, and should probably have been illegal based on gambling or banking rules.

[โ€“] [email protected] 2 points 1 hour ago

Apparently they weren't always a gambling site in the way that you see today, they switched over to this sometime in the last 2 years: https://www.youtube.com/watch?v=bBUkajbg688&t=119s