There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.
Customers of fintech firms that used Synapse to link up with banks had $265 million in balances.
But the banks themselves only had $180 million associated with those accounts, trustee Jelena McWilliams said in a report filed late Thursday.
What’s worse, it’s still unclear what happened to the missing funds, she said.
$85 million shortfall and *nobody knows* where it is…
Cha-ching!!!
🫣 🤑 🤣
Big Guy got his 10%................