That’ll make a guy who uses nontraditional banking nervous

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Nov 22, 2024
12:18:10pm

Big Daddy D Truly Addicted User

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Big Daddy D

Bio page: Big Daddy D
Joined: Jul 3, 2003
Last login: Mar 10, 2025
Total posts: 41,566 (3,904 FO)

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Messages

Author

Time

Any CBers caught up in this Synapse fiasco with savings accounts?

Iman23

11/22/24 11:58am

That’ll make a guy who uses nontraditional banking nervous

Big Daddy D

11/22/24 12:18pm

These were advertised as FDIC insured. It's amazing that the FDIC is

NumbersGuy

11/22/24 12:30pm

Updated FDIC regulation is coming. There is a proposed FDIC rule coming

Jesse Pinkman

11/22/24 12:48pm

The technical reason is that funds weren't on deposit with a bank - they

Jesse Pinkman

11/22/24 12:58pm

With that much money missing, how is it not criminal?

BNcoug

11/22/24 12:21pm

It's going to take some time to sort through it but yes, very likely criminal

RexIdaCoug

11/22/24 12:33pm

The Morris family in the article is in my ward. Very sad story to say the least.

Frank Purulence

11/22/24 1:21pm

I had $1,000 in Yotta. Not sure how much I’m going to get back.

nslcougar

11/22/24 2:13pm

Looks like Evolve bank was part of it.

BNcoug

11/22/24 5:59pm

Link

BNcoug

11/22/24 6:01pm

I got my Yotta money back a few weeks ago.

Hyrum in Houston

11/22/24 6:58pm

That guy looks like the average “young” CBer

BaseCoug

11/22/24 4:55pm

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