Nearly $109 million in deposits held for fintech Yotta’s consumers vanished in Synapse collapse, bank suggests

Nearly 9 million in deposits held for fintech Yotta’s consumers vanished in Synapse collapse, bank suggests

Essential Details

Ledgers of the failed fintech middleman Synapse display that approximately all the deposits held for buyers of the banking application Yotta went lacking weeks ago, in accordance to one particular of the creditors concerned.
A community of eight banking institutions held $109 million in deposits for Yotta buyers as of April 11, Evolve Lender & Trust mentioned in a bankruptcy court letter submitted late Thursday.
About just one thirty day period later, the ledger confirmed just $1.4 million in Yotta funds held at 1 of the banking institutions, Evolve explained.
In a letter despatched Thursday, bankruptcy trustee Jelena McWilliams pleaded with 5 U.S. regulators to get far more associated in the Synapse collapse.

Supply

Finance

Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war

March 14, 2026

ETF Edge Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war Published Sat, Mar 14 202611:00 AM EDT Blair Bao Stephanie Landsman@stephlandsman WATCH LIVE Source

Finance

Dividend stocks are catching up to tech stocks on a key earnings metric at a critical time for the market

March 13, 2026

ETF Edge Dividend stocks are catching up to tech stocks on a key earnings metric at a critical time for the market Published Fri, Mar 13 202612:28 PM EDTUpdated 14 Min Ago Krysta Escobar WATCH LIVE Source

Finance

Stocks making the biggest moves midday: Adobe, Ulta Beauty, Insulet, Klarna, Once Upon a Farm & more

March 13, 2026

Check out some of the companies making the biggest moves midday: Adobe — The software giant saw shares tumble more than 5%. CEO Shantanu Narayen said that he would step down from his post after a successor has been named. Narayen will remain as chair of the company’s board. He has been Adobe’s CEO since […]