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Matthieu Profile picture
Matthieu
@MLGavaudan
Co-founder at @infpools
Jun 6, 2024 • 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

1/4 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