We did not make a risky investment, we trusted legitimate FDIC insured banks to safeguard our life savings. We have lost money at the hands of American Banking Institutions and we are here to FIGHT FOR OUR FUNDS!
The collapse of Synapse Financial Technologies Inc., a banking-as-a-service platform, left thousands of digital banking customers without access to their funds, totaling $265 million. Synapse partnered with FDIC-insured banks and roughly 100 fintech companies including Yotta, Juno, Dave, Relay and others, offering high-yield savings accounts and other services to hundreds of thousands of depositors. Since Synapse filed for bankruptcy in April 2024, it was discovered that there was a $65 to $95 million shortfall between Synapse's ledgers and those of its partner banks.
On 06/07/2024 CNBC reported on the situation.
On 12/25/2024 The Wall Street Journal reported on the situation.
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<aside> <img src="/icons/library_yellow.svg" alt="/icons/library_yellow.svg" width="40px" /> Mission Statement:
Our mission is to recover our lost funds first and foremost for all individuals affected by the loss of over $40 million due to fintech practices involving Yotta, Juno, Synapse Financial Technologies, Evolve Bank & Trust, Lineage Bank, AMG, & American Bank.
We are committed to advocating for transparency, accountability, and justice while ensuring that no consumer remains vulnerable to opaque financial operations and regulatory oversights. By uniting our voices, we strive not only to reclaim what is rightfully ours but also to push for stronger consumer protections and drive systemic change within the financial technology sector to safeguard future customers.
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Current Total: $747.11
Class action lawsuit against Synapse partner banks
How to Win Your Small Claims Case Against Evolve Bank: A Guide for Self-Represented Litigants
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