Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks ago, according to one of the lenders involved.
Hugh Son is a reporter for CNBC, specializing in banks and the future of money. With 12 years of experience at Bloomberg, Hugh has a deep understanding of the financial industry and has covered a wide range of topics, including mergers and acquisitions, regulatory issues, and the impact of technology on the banking sector. His work has been featured in various publications, including RealClearMarkets, Kalgoorlie Miner, The West Australian, and ADAM BERG.