Matthieu Profile picture
Co-founder at @infpools & @lemma_labs.
Jun 6 4 tweets 1 min read
People in crypto should pay attention to the drama happening with the banking as a service provider Synapse / their old banking partner Evolve / all the fintech startups that got rugged by them

The current problem is that literally no one knows the current state of the ledger - no one knows where the deposits actually are

eg. a startup is claiming they have 111m usd in customer deposits at Evolve but Evolve says they only have 80m