this post was submitted on 22 Nov 2024
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'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis (www.cnbc.com)
submitted 4 days ago by [email protected] to c/business
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[–] [email protected] 9 points 4 days ago (1 children)

credulity. Here in the US we are well insulated from financial scammers, with the exception of fintech. When the average consumer sees FDIC they assume they are covered. Insane that $50m has evaporated. Fintech bros are the worst.

[–] Anticorp 2 points 2 days ago (1 children)

Wait, they advertised as FDIC insured and weren't?

[–] [email protected] 2 points 2 days ago (1 children)

Yeah. Said the money was in FDIC banks. Maybe it was, for a minute.

[–] Anticorp 2 points 2 days ago (1 children)

Okay, that's a crime. Someone better go to prison.

[–] farcaster 2 points 1 day ago (1 children)

They stole from the non-wealthy. Slap on the wrist, if anything.

[–] Anticorp 2 points 1 day ago (1 children)

Sad but true. Queue Metallica solo.

[–] farcaster 2 points 1 day ago (1 children)

... And Justice For All

[–] Anticorp 2 points 1 day ago

Don't tread on me!