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.
On 02/20/2025 The Wall Street Journal reported again on the situation.
On 03/06/2025 ABC Chicago reported on the situation.
On 03/07/2025 Fortune reported on the situation.
In 04/2025 Coffezilla reported on the situation in this spectacularly informative video.
…but the majority of users still have NOT gotten their funds back.
All video interviews conducted by FFOF are available for download and free use by members of the public and media to assist in telling the story of victims.
Please watch and post these to your social media!