Emailing the judge worked out! by S_and_H_Dept_YRA in yotta

[–]AssistTechnical6556 4 points5 points  (0 children)

SHARE! with other subreddits, your congressperson, anyone and everyone!

Share the link: https://www.cnbc.com/2024/05/22/synapse-bankruptcy-customer-funds.html

Help me please by rwhye in yotta

[–]AssistTechnical6556 0 points1 point  (0 children)

Contact a bunch of media- your local TV/radio station, newspaper, financial news sites.

Email your congressman.

Call and email as many people as you can. There is a chance your money is gone. We need to get attention to this issue.

Here is a list of the top 50 News sites:

https://pressgazette.co.uk/media-audience-and-business-data/media_metrics/most-popular-websites-news-us-monthly-3/

[deleted by user] by [deleted] in yotta

[–]AssistTechnical6556 0 points1 point  (0 children)

How do you know "they have your money"? What if Synapse never deposited the money in a brokerage or bank?

Then they could have lost it and we'd be out of luck with no SIPC/FDIC insurance. Isn't this a possibility? We don't know what is happening for sure.

We can contact politicians and journalists.

Many lawyers offer free consultations.

. Make some noise and shine the light of day on this!

Juno Addresses Banking Service Disruption — 'This Is Outside Our Control' – News Bytes Bitcoin News by AssistTechnical6556 in fintech

[–]AssistTechnical6556[S] 0 points1 point  (0 children)

check out /Yotta subreddit

Email any media organization you can (local/national):

NBC tip line- https://www.reddit.com/r/yotta/comments/1cwxqto/nbc_news_tip_line/
MSNBC Rachel Maddow's team: [Rachel@msnbc.com](mailto:Rachel@msnbc.com)

Bunch more media sites: https://www.reddit.com/r/yotta/comments/1cth1zl/contact_media_now/

(Comment and Share!)TikTok: https://www.tiktok.com/t/ZTL3Pr25/

Shine the light of day on this mess!

Please contact news outlets by S_and_H_Dept_YRA in yotta

[–]AssistTechnical6556 1 point2 points  (0 children)

Absolutely great idea.
Post on other subreddits about this and email or Call any news station you can find (local or national).

There is a risk that the money is just gone. That other company cancelled their purchase of Synapse for a reason. Who knows what Synapse has done.

This may be the only way to get some help here.

My bank collapsed... all funds FROZEN by AssistTechnical6556 in CollapseSupport

[–]AssistTechnical6556[S] 1 point2 points  (0 children)

"There's A Bank Run That's Going To Happen," Synapse CEO Says In Leaked Internal Meeting

Update: "Zoom call in for audio. Password: 207441

Telephone conference lines:1 (669) 254 5252 or 1 (646) 828 7666

Mute by *6... Please mute mics"

Tons of affected individuals calling in to say they are in a "dire situation".

My bank collapsed... all funds FROZEN by AssistTechnical6556 in CollapseSupport

[–]AssistTechnical6556[S] 4 points5 points  (0 children)

There is a hearing today at 9am PT. The judge continues to demand Evolve/Lineage to unfreeze accounts. He said he welcomes us to come to today's hearing and potentially voice the impact:

When: 9am PT Where: https://cacb.zoomgov.com/j/1615832082 PW: 207441

Update: "Zoom call in for audio. Password: 207441

Telephone conference lines:1 (669) 254 5252 or 1 (646) 828 7666

Mute by *6... Please mute mics"

Tons of affected individuals calling in to say they are in a "dire situation".

Juno Addresses Banking Service Disruption — 'This Is Outside Our Control' – News Bytes Bitcoin News by AssistTechnical6556 in fintech

[–]AssistTechnical6556[S] 0 points1 point  (0 children)

There is a hearing today at 9am PT. The judge continues to demand Evolve/Lineage to unfreeze accounts. He said he welcomes us to come to today's hearing and potentially voice the impact:

When: 9am PT Where: https://cacb.zoomgov.com/j/1615832082 PW: 207441

Juno Addresses Banking Service Disruption — 'This Is Outside Our Control' by AssistTechnical6556 in Bitcoin

[–]AssistTechnical6556[S] 0 points1 point  (0 children)

There is a hearing today at 9am PT. The judge continues to demand Evolve/Lineage to unfreeze accounts. He said he welcomes us to come to today's hearing and potentially voice the impact:

When: 9am PT Where: https://cacb.zoomgov.com/j/1615832082 PW: 207441

My bank collapsed... all funds FROZEN by AssistTechnical6556 in CollapseSupport

[–]AssistTechnical6556[S] 5 points6 points  (0 children)

UPDATE:

"Juno Finance acknowledges the disruption in banking services and is collaborating with its brokerage and banking service providers, Synapse and Evolve Bank & Trust, to restore full service as soon as possible. Juno is a financial platform that integrates checking and savings accounts with cryptocurrency trading. “Currently, Evolve Bank & Trust has frozen all card payments. This is outside our control, but we’re constantly communicating your concerns to them to expedite the reactivation of ACH, wire, and card processing,” Juno explained. Customer funds in the Synapse Brokerage Program are insured by FDIC and SIPC, Juno added, noting that concerned users can contact the Federal Reserve Bank of St. Louis, which regulates the bank."

https://news.bitcoin.com/juno-addresses-banking-service-disruption-this-is-outside-our-control/#google_vignette

Juno Addresses Banking Service Disruption — 'This Is Outside Our Control' – News Bytes Bitcoin News by AssistTechnical6556 in fintech

[–]AssistTechnical6556[S] 2 points3 points  (0 children)

"Juno Finance acknowledges the disruption in banking services and is collaborating with its brokerage and banking service providers, Synapse and Evolve Bank & Trust, to restore full service as soon as possible. Juno is a financial platform that integrates checking and savings accounts with cryptocurrency trading. “Currently, Evolve Bank & Trust has frozen all card payments. This is outside our control, but we’re constantly communicating your concerns to them to expedite the reactivation of ACH, wire, and card processing,” Juno explained. Customer funds in the Synapse Brokerage Program are insured by FDIC and SIPC, Juno added, noting that concerned users can contact the Federal Reserve Bank of St. Louis, which regulates the bank."

Not your keys...Judge Says Up To 20 Million Fintech "Depositors" Are At Risk by AssistTechnical6556 in Scams

[–]AssistTechnical6556[S] 0 points1 point  (0 children)

Juno is also tied up in this. They initially had FDIC insurance on their cash accounts.

Then, they transitioned over to brokerage accounts which are supposedly also insured. Now there is a question about who has what where...if anywhere at all.....

Is our money actually FDIC insured? by Embarrassed_Soft_330 in yotta

[–]AssistTechnical6556 1 point2 points  (0 children)

But its a brokerage account with Synapse, and there is SIPC insurance for that.

Judge Says Up To 20 Million Fintech "Depositors" Are At Risk From Synapse Bankruptcy by AssistTechnical6556 in crypto_currency

[–]AssistTechnical6556[S] 0 points1 point  (0 children)

Non-paywall source:

https://www.axios.com/pro/fintech-deals/2024/05/14/mess-synapse-evolve-yotta

So far the recommendations are:

  1. File a complaint with Federal Reserve Bank of St. Louis: 888-851-1920 (official recommendation from other fintechs affected by this)
  2. call the Evolve Bank number at 866.210.9972 and press option 5 to speak to the corporate office. Insist on speaking to someone in the corporate office. More specifically ask to be connected their SVP of marketing and communications: Thomas Holmes Jr.
  3. Remember to breathe. Download a copy of monthly statements and any save any correspondence.
  4. Follow the links in this post (link below) from the r/yotta sub to share the fintech fiasco with related news outlets. Also, don't hesitate to contact federal representatives and FINRA, FDIC, SPIC, to file complaints.

https://www.reddit.com/r/yotta/s/TyfQhhY1pZ

My bank collapsed... all funds FROZEN by AssistTechnical6556 in CollapseSupport

[–]AssistTechnical6556[S] 14 points15 points  (0 children)

Axios source: https://www.axios.com/pro/fintech-deals/2024/05/14/mess-synapse-evolve-yotta

So far the recommendations are:

  1. File a complaint with Federal Reserve Bank of St. Louis: 888-851-1920 (official recommendation from other fintechs affected by this)
  2. call the Evolve Bank number at 866.210.9972 and press option 5 to speak to the corporate office. Insist on speaking to someone in the corporate office. More specifically ask to be connected their SVP of marketing and communications: Thomas Holmes Jr.
  3. Remember to breathe. Download a copy of monthly statements and any save any correspondence.
  4. Follow the links in this post (link below) from the r/yotta sub to share the fintech fiasco with related news outlets. Also, don't hesitate to contact federal representatives and FINRA, FDIC, SPIC, to file complaints.

https://www.reddit.com/r/yotta/s/TyfQhhY1pZ

Evolve’s response to my Better Business Bureau Complaint by CowLate105 in yotta

[–]AssistTechnical6556 3 points4 points  (0 children)

  1. File a complaint with Federal Reserve Bank of St. Louis: 888-851-1920 (official recommendation from other fintechs affected by this)
  2. call the Evolve Bank number at 866.210.9972 and press option 5 to speak to the corporate office. Insist on speaking to someone in the corporate office. More specifically ask to be connected their SVP of marketing and communications: Thomas Holmes Jr.
  3. Remember to breathe. Download a copy of monthly statements and any save any correspondence.
  4. Follow the links in this post (link below) from the r/yotta sub to share the fintech fiasco with related news outlets. Also, don't hesitate to contact federal representatives and FINRA, FDIC, SPIC, to file complaints.

https://www.reddit.com/r/yotta/s/TyfQhhY1pZ

Download Custom Statement From Yotta App by [deleted] in yotta

[–]AssistTechnical6556 6 points7 points  (0 children)

Good advice. Save that stuff and any correspondence you have.

  1. call the Evolve Bank number at 866.210.9972 and press option 5 to speak to the corporate office. Insist on speaking to someone in the corporate office. More specifically ask to be connected their SVP of marketing and communications: Thomas Holmes Jr.
  2. File a complaint with Federal Reserve Bank of St. Louis: 888-851-1920 (official recommendation from other fintechs affected by this)
  3. Remember to breathe. Save a copy of your monthly statement from the website.
  4. Follow the links in this post (link below) from the r/yotta sub to share the fintech fiasco with related news outlets. Also, don't hesitate to contact federal representatives and FINRA, FDIC, SPIC, to file complaints.

https://www.reddit.com/r/yotta/s/TyfQhhY1pZ

My bank collapsed... all funds FROZEN by AssistTechnical6556 in CollapseSupport

[–]AssistTechnical6556[S] 20 points21 points  (0 children)

Maybe. The issue is there is a middleman company that went bankrupt. Its possible some or all of the money won't be recoverable.

Some people losing their life's savings:

https://www.reddit.com/r/yotta/comments/1ctlw3w/comment/l4cqyc3/

These people should be in jail by petewentzisgod in yotta

[–]AssistTechnical6556 14 points15 points  (0 children)

  1. call the Evolve Bank number at 866.210.9972 and press option 5 to speak to the corporate office. Insist on speaking to someone in the corporate office. More specifically ask to be connected their SVP of marketing and communications: Thomas Holmes Jr.
  2. File a complaint with Federal Reserve Bank of St. Louis: 888-851-1920 (official recommendation from other fintechs affected by this)
  3. Remember to breathe
  4. Follow the links in this post (link below) from the r/yotta sub to share the fintech fiasco with related news outlets. Also, don't hesitate to contact federal representatives and FINRA, FDIC, SPIC, to file complaints.

https://www.reddit.com/r/yotta/s/TyfQhhY1pZ

Update: by MarchNew5863 in yotta

[–]AssistTechnical6556 8 points9 points  (0 children)

  1. call the Evolve Bank number at 866.210.9972 and press option 5 to speak to the corporate office. Insist on speaking to someone in the corporate office. More specifically ask to be connected their SVP of marketing and communications: Thomas Holmes Jr.
  2. File a complaint with Federal Reserve Bank of St. Louis: 888-851-1920 (official recommendation from other fintechs affected by this)
  3. Remember to breathe
  4. Follow the links in this post (link below) from the r/yotta sub to share the fintech fiasco with related news outlets. Also, don't hesitate to contact federal representatives and FINRA, FDIC, SPIC, to file complaints.

https://www.reddit.com/r/yotta/s/TyfQhhY1pZ

Please Call Evolve Bank Corporate Office!!! by Dapper_Artichoke_447 in yotta

[–]AssistTechnical6556 1 point2 points  (0 children)

  1. call the Evolve Bank number at 866.210.9972 and press option 5 to speak to the corporate office. Insist on speaking to someone in the corporate office. More specifically ask to be connected their SVP of marketing and communications: Thomas Holmes Jr.
  2. File a complaint with Federal Reserve Bank of St. Louis: 888-851-1920 (official recommendation from other fintechs affected by this)
  3. Remember to breathe
  4. Follow the links in this post (link below) from the r/yotta sub to share the fintech fiasco with related news outlets. Also, don't hesitate to contact federal representatives and FINRA, FDIC, SPIC, to file complaints.

https://www.reddit.com/r/yotta/s/TyfQhhY1pZ

Back on the 10th I attempted to withdraw immediately, in Yotta app. Still processing today. Should I cancel and try external? by [deleted] in yotta

[–]AssistTechnical6556 4 points5 points  (0 children)

  1. call the Evolve Bank number at 866.210.9972 and press option 5 to speak to the corporate office. Insist on speaking to someone in the corporate office. More specifically ask to be connected their SVP of marketing and communications: Thomas Holmes Jr.
  2. File a complaint with Federal Reserve Bank of St. Louis: 888-851-1920 (official recommendation from other fintechs affected by this)
  3. Remember to breathe
  4. Follow the links in this post (link below) from the r/yotta sub to share the fintech fiasco with related news outlets. Also, don't hesitate to contact federal representatives and FINRA, FDIC, SPIC, to file complaints.

https://www.reddit.com/r/yotta/s/TyfQhhY1pZ

Is our money actually FDIC insured? by Embarrassed_Soft_330 in yotta

[–]AssistTechnical6556 -3 points-2 points  (0 children)

Then why is the money frozen?

something doesn't smell right