Fintech Fallout: Users Battle for Funds Amid Synapse Bankruptcy Chaos
Memphis, Tennessee — In a deepening saga that underscores the vulnerability of digital finance, users of the fintech app Yotta are grappling with the aftermath of a financial intermediary’s bankruptcy, which has frozen millions of dollars of customer funds. The collapse of Synapse, a company that bridges fintech applications and banks, has prompted a chain of events leading to substantial monetary disruptions for thousands of customers. This debacle became public when customers like Dakota Asselyn, a Northrop Grumman supply chain specialist, discovered their money became inaccessible overnight. After starting his account with Yotta in 2020, … Read more