this post was submitted on 23 Nov 2024
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KEY POINTS

  • Thousands of Americans will receive little or nothing from savings accounts that were locked during the collapse of fintech middleman Synapse.
  • Customers believed the accounts were backed by the full faith and credit of the U.S. government.
  • CNBC spoke to a dozen customers caught in the predicament, people who have lost sums ranging from $7,000 to well over $200,000.
  • While there’s not yet a full tally of those left shortchanged, at fintech Yotta alone, 13,725 customers say they are being offered a combined $11.8 million despite putting in $64.9 million in deposits.
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[–] [email protected] 1 points 3 weeks ago (4 children)

Here is someone living that different life than the rest of us... https://news.slashdot.org/story/24/11/29/1323218/crypto-entrepreneur-eats-6-million-banana-on-stage 6 mil... just instructions. Didn't even come with the banana apparently. And it wasn't for charity either.

[–] [email protected] 2 points 3 weeks ago (3 children)

I remember this. Stupid haha. Makes me think about the pharma bro who bought the Wu Tang record

[–] [email protected] 1 points 3 weeks ago (2 children)

Yeah, both were really spending other people's money that they got through fraud and such.

[–] [email protected] 2 points 3 weeks ago (1 children)

Some people say there is no way to be an ethical billionaire

[–] [email protected] 1 points 3 weeks ago

I think it's fair to say if there is a way, it's a corner case. Like maybe one of Elon's many kids turns out okay and ends up inheriting a few billion.
Unlike the saturday morning cartoons from when I grew up... evil pays.