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

submitted 1 day 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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[–] SaharaMaleikuhm@feddit.org 25 points 19 hours ago (6 children)

Risky investment turns out to be risky. No one could have seen that coming.

[–] clutchtwopointzero@lemmy.world 17 points 19 hours ago* (last edited 9 hours ago) (1 children)

If you see this as investment, then consider that investors were lied to (the startups claimed to have FDIC coverage) and didn't have accurate information to assess the risk.

[–] bitjunkie@lemmy.world 1 points 7 hours ago

Synapse lied to the fintechs, too.

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