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20 Million Fintech Depositors At Risk - Funds Frozen - Vimarsana News

20 Million Fintech Depositors At Risk - Funds Frozen

May 18, 2024 - Known for their adverts of you can get your paycheck in Bitcoin, crypto onramp Juno now has all funds FROZEN. In the USA this past weekend, one of Synapse's c

A US Trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites 'gross mismanagement' - Vimarsana News

A US Trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites 'gross mismanagement'

The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after a United States Trustee filed an emergency motion on Wednesday. The trustee is asking to convert the company’s debt reorganization Chapter 11 bankruptcy into a liquidation Chapter 7, according to court documents.

Source: yahoo.com