{"id":88399,"date":"2024-06-03T01:16:59","date_gmt":"2024-06-03T05:16:59","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88399"},"modified":"2024-06-03T00:59:22","modified_gmt":"2024-06-03T04:59:22","slug":"savings-app-ceo-says-85000-accounts-locked-in-fintech-meltdown","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2024\/savings-app-ceo-says-85000-accounts-locked-in-fintech-meltdown.html","title":{"rendered":"Savings app CEO says 85,000 accounts locked in fintech meltdown:"},"content":{"rendered":"\n<p>(CNBC) When Adam Moelis\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-10\/saving-money-startup-bets-people-will-do-it-for-a-chance-to-win-10-million\" target=\"_blank\">co-founded<\/a>\u00a0a fintech startup named\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.withyotta.com\/\" target=\"_blank\">Yotta<\/a>\u00a0in 2019, he wanted to give Americans a new way to save money to help them cushion the ups and downs of life. Instead, his company has inadvertently been a source of\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/05\/22\/synapse-bankruptcy-customer-funds.html\">deep pain<\/a>\u00a0for thousands of customers who relied on Yotta accounts to receive paychecks, pay bills and save for emergencies.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/06\/01\/synapse-bankruptcy-yotta-accounts-locked.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) When Adam Moelis\u00a0co-founded\u00a0a fintech startup named\u00a0Yotta\u00a0in 2019, he wanted to give Americans a new way to save money to help them cushion the ups and downs of life. Instead, his company has inadvertently been a source of\u00a0deep pain\u00a0for thousands [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88399","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88399"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88399\/revisions"}],"predecessor-version":[{"id":88400,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88399\/revisions\/88400"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}