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'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis (www.cnbc.com)

submitted 10 hours ago by shoulderoforion@fedia.io to c/technology@lemmy.world

23 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.

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[–] taladar@sh.itjust.works 64 points 10 hours ago (1 children)

The government should mandate warning labels on companies like that, maybe "fintech" would be a good word to force them to use, similar to the way large companies have to use the "enterprise" warning label and games companies have to be labelled "triple A" to know their products and services are low quality and have a high risk of failure.

[–] CarbonatedPastaSauce@lemmy.world 16 points 9 hours ago

I like your style