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

Stocks making the biggest moves after hours: Snap, Arm Holdings, Figma, Lyft and more

November 5, 2025

Check out the companies making headlines in after-hours trading. Snap — The social media company surged 26% after it unveiled a $500 million buyback program and issued strong fourth-quarter revenue guidance. On top of that, Snap said Perplexity AI will pay it $400 million to integrate the AI startup’s search capabilities into Snapchat. Arm Holdings […]

Finance

Traders on prediction markets see a 30% chance Supreme Court backs Trump’s tariffs

November 5, 2025

A protester with the Main Street Alliance holds a sign outside the U.S. Supreme Court, as its justices are set to hear oral arguments on U.S. President Donald Trump’s bid to preserve sweeping tariffs after lower courts ruled that Trump overstepped his authority, in Washington, D.C., U.S., November 5, 2025. Nathan Howard | Reuters Traders […]

Finance

Stocks making the biggest moves midday: Unity Software, Rivian, Pinterest, Trex & more

November 5, 2025

Check out the companies making the biggest moves midday: Unity Software — The video game company rallied 8% on better than-expected results for the third quarter. Unity’s fourth-quarter revenue guidance also exceeded expectations. Allegiant Travel — The travel stock surged 22% after the company hiked its full-year earnings outlook. Allegiant expects 2025 earnings to top […]