Fintech Firm’s Collapse Leaves Thousands Stranded without Funds as Millions Go Missing – What Happened Next Will Shock You!
San Francisco, CA – The collapse of fintech startup Synapse has sent shockwaves through the banking industry, leaving numerous customers stranded without access to their funds and raising questions about millions of dollars that have gone missing. As the saga of Synapse’s bankruptcy unfolds, it underscores the potential risks inherent in the loose partnerships between venture-backed fintech firms and FDIC-backed lenders. Regulators are now scrutinizing these relationships more closely, urging banks to strengthen their controls …