CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.

CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.

  • Iheardyoubutsowhat@lemmy.worldEnglish
    45·
    1 month ago

    There was no interest on Yotta accounts. Originally, when you signed up, you were given a lottery ticket everyday for every 25$ in the account. There was a lottery everyday where you could win up to 25000. Then they switched to games where you essentially gambled with the tickets that were given based on your amount.

    I was once a member but pulled the money when interest rates started to rise. I was lucky.

    I’ll also note, when signing up, I was given the impression this FDIC insured.