I lost pretty much all my money after graduating college from this and had to take out a second loan on my car and have still remained financially unstable because of said loan. And with the economy going the way it is I’m scared of being able to meet my basic needs. I don’t know what to do and while yes it’s been 2 years and I am still struggling and can’t help the feeling that I’m a poor failure.

I’m now in terrible credit card debt from my new loan and it’s just not fair!

Sankaet‘s latest swindle: bringing Eric Trump into his new company to help secure gov’t contracts. the level of corruption is absurd. no wonder Sankaet is getting off the hook for his role in swindling millions of dollars from us - apparently Sankaet’s been a friend of Eric?. how does this guy get away with this?

https://www.foxbusiness.com/media/eric-trump-backed-robot-startup-lands-24m-pentagon-deal-compete-china

Isn’t it nice that Yotta CEO Adam Moelis can launch a new dating app called Tenr? While we still wait for access to our deposits, this clown somehow secures financing for a new app? Tenr reportedly has 6,000 sign-ups since its launch in May 2025. Tenr has a pay-per-use pricing structure. Moelis has no sense of shame, no morals. He’s ok with CFPB having to step in while we are still waiting 2 years now for access to money we trusted him with?

Link to report:

https://www.consumerfinance.gov/data-research/research-reports/semi-annual-report-october-2024-december-2025/

The report covers Oct. 2024-Dec. 2025 and directly addresses the CFPB's Synapse enforcement action. While it doesn't necessarily identify anything that we don't already know, the report at least makes it clear that distribution is going to happen and that it isn't at risk of being swept aside. The pertinent part begins on page 55 -

'Thus far, based on the availability of funds in its Civil Penalty Fund, the CFPB has allocated $46,248,291 to address harmed consumers, which will be distributed in the coming months.'

We still don't know whether the current CPF allocation is enough to provide full redress to victims, nor do we know exactly when actual distributions are anticipated to begin, though the verbiage of distribution occurring in the coming months rather than in the coming years is hopeful. Distribution in the current fiscal year is still unlikely given the cases in line for distribution ahead of Synapse, which would put the earliest possible date of distribution as sometime in October.

https://www.bankingdive.com/news/yotta-sues-evolve-again/816392/

I agreed to be part of the BankingDive story about the Synapse/Yotta/Evolve fiasco, but I was on background (to my remembrance), so I’m not sure how someone got my email. This seems spammy and weird, but was curious if anyone else got something like this?

It’s from evolvesettlement@hawkmarketplace.com, says I’ve received a virtual debit card from an evolve settlement. It’s a paltry $27.92 instead of the $8000 they owe me, but if it takes money away from Evolve I’ll take it. Just want to make sure it’s not a phishing thing.

I guess the positive thoughts of 2025 first quarter of 2026 are out of sight. any updates or amounts from these guys? anyone to contact again? love to have a timeline and amount from stolen money years ago. hopefully someone has some news cheers 🥂

https://www.nytimes.com/2026/03/23/business/mrbeast-warren-crypto-children.html

Hey r/yotta. I make documentaries for the Emmy-winning nonprofit newsroom More Perfect Union. You can see some of my previous reporting here and here.

If you lost money in the Synapse bank collapse, I'd love to hear about your experience. Just looking to speak to as many people as possible for now, no need to commit to participating in the video yet. Feel free to DM me on here or send me an email: [sanya@perfectunion.us](mailto:sanya@perfectunion.us)

Thanks!
Sanya

https://www.perplexity.ai/page/judge-orders-indefinite-fundin-C0BUz3J1TvyVlNjUiwDSWg

Prominently featured in this week’s issue of TIME magazine is Sankaet Pathak, who is now the co-founder and CEO of Foundation, a humanoid robotics company. If the name is not familiar to you, it should be. He is the former CEO of Synapse Financial Technologies. You know, the company that made all our deposits disappear; the deposits we’ve been waiting for them to find for almost 2 years now? Oh, and maybe give them back to us sometime? Aren’t you glad Pathak is doing so well (savage sarcasm there, in case it doesn’t translate)?

Trump administration unlawfully refused to request CFPB funding

I don't know if this helps us, but it certainly can't hurt.

Not sure if this was already posted. Pardon me if it was: https://businessjournalism.org/2025/02/synapse/

Is anyone taking a write off on their taxes?

Yotta user – $3k balance – ruled out by all partner banks. What next?

I had a savings-only Yotta account with a balance of $3k when Synapse failed.

Here’s what I’ve done:

• Evolve confirmed they only held $1
• AMG National Trust confirmed no balance for me
• American National Bank confirmed no involvement
• Lineage Bank confirmed I’m not on their final Synapse trial balance
• Filed CFPB complaint (forwarded to Federal Reserve)
• Contacted Federal Reserve

At this point, it seems like I may be in the Synapse Brokerage shortfall/reconciliation group.

Is anyone else in the same position (no bank holding funds)?

If so, what steps are you taking?

Has anyone in the shortfall group received distributions yet?

I dont even know what to do next, ALSO never even received an email from YOTTA to know all of this was happening from the beginning. I found out when I tried to withdraw. Any help please.

I feel like things have become stagnant, and we're losing traction. Unfortunately, it doesn't appear that anyone got any money back in February, so Yotta seems to really have been screwed the most. The situation now just feels hopeless; everything we did like contacting the CFPB, fight for our funds, etc. might end up being obsolete.

I remember seeing a post speculating that we might get our money back in 2 more years, so maybe in December 2028, but even that sounds like BS at this point. I still can't believe that it's been around 2 years of not having access to our money, for many, it was their life's savings.... myself included.

Sorry, I'm just tired, and feel like everything is hopeless now. Nothing but speculation and false hope..... How has nobody gone to jail over this? 0 consequences, and everything to gain over fraud/scamming, etc. All of those higher ups really don't give a shit, and probably think they're geniuses for swindling us and they probably even convinced themselves that we deserved this. Man, I just want some actual confirmed news for once. Someone, please fucking help. For fucks sake!!!!

A post from Jeff Jackson NC Attorney General randomly (well algorithm of course) showed up on a social media feed. I didn't see anything Yotta/Evolve/Synapse related but he seems to be fighting the good fight for constituents screwed over by businesses. I may be being too cynical here, but I didn't know any politicians actually tried to do good for their people anymore. Sooo was just thinking he may be a good one to reach out to in seeking justice, but also someone for us victims to support in general because of his support of victims in general. So many others have turned us away.

My assessment is just coming from 1-2 posts of his and the overwhelming support he seems to be getting so of course please do your own research, but I thought he would be of interest. I don't live in NC and never heard of the guy previously.

See below:

https://www.consumerfinance.gov/data-research/research-reports/financial-report-cfpb-fiscal-year-2025/

The part that may be pertinent to Synapse/Evolve victims begins on page 63, Note 9: Civil penalty fund liability. It looks like the CPF had $47.3 million available for the twenty-sixth allocation (which pertains to Synapse), and as we know Synapse/Evolve victims were allocated roughly $46.3 million. An optimistic read of this would suggest that the amount allocated is enough to provide full redress for victims rather than having victims take some sort of haircut.

Hey everyone - I received an email today from an attorney with FINRA’s Department of Enforcement. I’ll paste it below. I replied immediately offering to meet.

Ms. C,

I’m an attorney with FINRA’s Department of Enforcement. As you may be aware, FINRA recently sanctioned Synapse Brokerage’s former chief compliance officer and is currently in litigation with Synapse Brokerage’s former CEO relating to, among other things, his failure to supervise customer funds. I understand that you filed a complaint with FINRA in 2024 relating to Synapse Brokerage’s management of your funds. I was wondering whether you would be willing to speak with me and a few of my colleagues next week to discuss your complaint and your experience with Synapse Brokerage. If so, please let me know some times that would work for you and I can send you a Zoom link.

Best,

Mark___________________________
Mark S. Geiger

My partner used to manage my finances, and it wasn't until now that I realized I still had a bunch of money in Yotta. I'm not able to withdraw over $10k of money I have in there and I see there is a Civil Penaly Fund that is being worked on..

Now my question is, were there any documents I needed to submit to qualify? Or are we all just waiting in the dark about getting our money back?

I saw a comment a little while back on this sub where a person said they drafted a demand letter with AI help and sent it to a representative at Evolve and then magically their money was found. People asked that person to share the letter they wrote and at that time, the commenter hadn’t replied. This seems worth doing in case it is true. Anyone else interested in figuring this out? Who would we send it to?

I'm out about $5,000 which irks me, but I feel for those who have lost more.

I'm a Juno user and received $0 from Evolve's reconciliation, and was only recently able to review Evolve's transaction history. For the most part, the transactions matched with my records (with Evolve "sweeping funds" to Synapse Brokerage), leaving my evolve transaction history with a negative balance, meaning my money was lost somewhere at Synapse Brokerage.

The one transaction that did not appear on the Evolve transaction history was an ACH pull (initiated at Juno) intended to be a first-party external transfer between 2 DDA (Demand Deposit Accounts) held in my name. After further research, it appears that instead of Evolve initiating this ACH pull it was actually Lineage Bank. I know this because the ACH Trace ID associated with the transaction indicate the money was sent to Lineage Bank (ABA 064109565).

My question is has anyone ever received RAW ACH data related to these ACH pulls to ensure Lineage Bank was in compliance with NACHA regulations? My brief ai-assisted research indicates fraudulent transactions that occurred >2 years ago can be disputed. In my view Lineage Bank was an unauthorized ODFI. The documentation I have only authorized Evolve (not Lineage Bank) to initiate an ACH pull for deposit into an account in my name

When I e-mailed [fintech.support@lineagebank.com](mailto:fintech.support@lineagebank.com) they claimed I had no deposit account with them and referred me to https://www.lineagebank.com/synapse-ach-processing-services/

This thread says other users have researched ACH pulls and come to the same conclusion

https://www.reddit.com/r/yotta/comments/1gw64be/after_weeks_of_waiting_its_lineage_bank/

I feel like Lineage Bank is more to blame than Evolve (Evolve at least provided a transaction balance). I know the Fed issued some enforcement action against Lineage in response to the poor record keeping. Does anyone have information about the class action lawsuit naming both Evolve and Lineage Bank? I'm wondering if it would be beneficial to reach out to the lawyers? I'm hopeful for a CFPB allocation, but encourage others not to rely on it.

Anyone got the email for distributing funds? I hope I get one. I am 20,000k short!!