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Sources describe the collapse of fintech middleman Synapse that left ~$200M in customer money frozen, with entities blaming each other for shoddy recordkeeping
fortune.com/2025/03/07/synapse-evolve-mercury-bankruptcy-lawsuits
The spectacular Synapse collapse: The ugliest divorce in fintech left $200 million in customer money frozen—and shows the risks of financial apps
Illustration by Fortune; Images from Getty- Rost-9D, Xuanyu Han, Jose A. Bernat Bacete
This story appeared on fortune.com, 2025-03-09 01:17:34.344000.