
"Synapse Bankruptcy Freezes $160M, Shaking Fintech Industry"
The collapse of fintech company Synapse has left nearly $160 million in customer funds frozen, impacting numerous fintechs and millions of consumers. After filing for Chapter 11 bankruptcy and failing to sell its assets, Synapse is now urged to liquidate under Chapter 7. The situation has raised concerns about the stability of the banking-as-a-service model and digital banking.







