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Starting May 11, more than 100,000 Americans with $265 million in deposits were locked out of their accounts. Roughly 85,000 of those customers were at Yotta alone, according to the startup’s co-founder, Adam Moelis.
How thousands of Americans got caught in fintech’s false promise and lost access to bank accountswww.cnbc.com The Synapse collapse has revealed fintech's promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits were locked from accounts.
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I think I'll continue to use my boring old credit union accounts. Been a member since early 70s.