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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 shoulderoforion@fedia.io to c/technology@lemmy.world

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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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[–] NotAnotherLemmyUser@lemmy.world 2 points 3 days ago

Except, if we already had protections to prevent this from happening, then it wouldn't have happened... Or at least the FDIC would have actually stepped in by now to pay everyone back and track down all the funds themselves.