#yotta — Public Fediverse posts

oh look, another #fintech bankruptcy involving Evolve Bank & Trust.

some other fun places Evolve has popped up:

1. issuer of #FTX and #BlockFi debit cards (before those companies blew up and customers lost all their money)
2. #GeorgeSantos and #AndyOgles held their campaign money at Evolve
3. #Synapse bankruptcy which cost customers of a bunch of fintech "banks" like #Yotta most if not all of their money
4. Partnered with "anti-woke" fintech #GloriFi
5. Got hacked by Russia midway through Synapse bankruptcy proceedings
6. Anonymous crypto debit card issuer for #ZELF
7. Frequently found to be the bank used by #pigbutchering fraudsters
8. Sanctioned by federal reserve for #moneylaundering

The fact that Evolve has not been shut down is insane. Banking system cannot survive if these kinds of bad actors roam free like the wind.

* more on Evolve: https://fintechbusinessweekly.substack.com/p/evolves-problematic-partners-bankruptcies
* even more: https://fintechbusinessweekly.substack.com/p/evolve-hit-with-fed-enforcement-action

#EvolveBank #EvolveBankAndTrust #finreg #Banking #uspol #AML #BaaS #Russia #putin

🚨 owner of the #LATimes just invited the king of the crypto bros #MarcAndreessen, a man whose VC fund #a16z has backed innumerable scams in all shades of fraud (see: #Yotta and #Synapse most recently) in addition to companies that facilitate incredible amounts of Russian #moneylaundering to join the editorial board.

#KleptocracyIsComing

tweet: https://x.com/DrPatSoonShiong/status/1878263014497059135
more on a16z: https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers

andreessen spewed so many outright lies on #JoeRogan a few weeks ago that it kind of spawned an entire cottage industry of line by line takedowns of his bullshit: https://universeodon.com/@cryptadamist/113603397835078618

seems like the kind of guy #journalism needs right now

#MarcAndreessen #LosAngeles #LosAngelesTimes #Russia #Putin #Synapse #cryptocurrency #crypto #VC #venturecapital #DrPatSoonShiong #PatSoonShiong #SoonShiong #NerdReich #TheNerdReich #Broligarchs #Broligarchy

🚨 owner of the #LATimes just invited the king of the crypto bros #MarcAndreessen, a man whose VC fund #a16z has backed innumerable scams in all shades of fraud (see: #Yotta and #Synapse most recently) in addition to companies that facilitate incredible amounts of Russian #moneylaundering to join the editorial board.

#KleptocracyIsComing

tweet: https://x.com/DrPatSoonShiong/status/1878263014497059135
more on a16z: https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers

andreessen spewed so many outright lies on #JoeRogan a few weeks ago that it kind of spawned an entire cottage industry of line by line takedowns of his bullshit: https://universeodon.com/@cryptadamist/113603397835078618

seems like the kind of guy #journalism needs right now

#MarcAndreessen #LosAngeles #LosAngelesTimes #Russia #Putin #Synapse #cryptocurrency #crypto #VC #venturecapital #DrPatSoonShiong #PatSoonShiong #SoonShiong #NerdReich #TheNerdReich #Broligarchs #Broligarchy

🚨 owner of the #LATimes just invited the king of the crypto bros #MarcAndreessen, a man whose VC fund #a16z has backed innumerable scams in all shades of fraud (see: #Yotta and #Synapse most recently) in addition to companies that facilitate incredible amounts of Russian #moneylaundering to join the editorial board.

#KleptocracyIsComing

tweet: https://x.com/DrPatSoonShiong/status/1878263014497059135
more on a16z: https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers

andreessen spewed so many outright lies on #JoeRogan a few weeks ago that it kind of spawned an entire cottage industry of line by line takedowns of his bullshit: https://universeodon.com/@cryptadamist/113603397835078618

seems like the kind of guy #journalism needs right now

#MarcAndreessen #LosAngeles #LosAngelesTimes #Russia #Putin #Synapse #cryptocurrency #crypto #VC #venturecapital #DrPatSoonShiong #PatSoonShiong #SoonShiong #NerdReich #TheNerdReich #Broligarchs #Broligarchy

🚨 owner of the #LATimes just invited the king of the crypto bros #MarcAndreessen, a man whose VC fund #a16z has backed innumerable scams in all shades of fraud (see: #Yotta and #Synapse most recently) in addition to companies that facilitate incredible amounts of Russian #moneylaundering to join the editorial board.

#KleptocracyIsComing

tweet: https://x.com/DrPatSoonShiong/status/1878263014497059135
more on a16z: https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers

andreessen spewed so many outright lies on #JoeRogan a few weeks ago that it kind of spawned an entire cottage industry of line by line takedowns of his bullshit: https://universeodon.com/@cryptadamist/113603397835078618

seems like the kind of guy #journalism needs right now

#MarcAndreessen #LosAngeles #LosAngelesTimes #Russia #Putin #Synapse #cryptocurrency #crypto #VC #venturecapital #DrPatSoonShiong #PatSoonShiong #SoonShiong #NerdReich #TheNerdReich #Broligarchs #Broligarchy

🚨 owner of the #LATimes just invited the king of the crypto bros #MarcAndreessen, a man whose VC fund #a16z has backed innumerable scams in all shades of fraud (see: #Yotta and #Synapse most recently) in addition to companies that facilitate incredible amounts of Russian #moneylaundering to join the editorial board.

#KleptocracyIsComing

tweet: https://x.com/DrPatSoonShiong/status/1878263014497059135
more on a16z: https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers

andreessen spewed so many outright lies on #JoeRogan a few weeks ago that it kind of spawned an entire cottage industry of line by line takedowns of his bullshit: https://universeodon.com/@cryptadamist/113603397835078618

seems like the kind of guy #journalism needs right now

#MarcAndreessen #LosAngeles #LosAngelesTimes #Russia #Putin #Synapse #cryptocurrency #crypto #VC #venturecapital #DrPatSoonShiong #PatSoonShiong #SoonShiong #NerdReich #TheNerdReich #Broligarchs #Broligarchy

more great reporting from Jason Mikula on the #a16z / #MarcAndreessen backed financial disaster known as Synapse, the middleman behind Yotta and others that lost track of (and maybe lost) most of their customers’ money.

Andreessen’s desire to eliminate the #CFPB for “terrorizing” #fintech companies like Synapse suggests a desire to keep backing companies that will strip mine the wallets of uneducated consumers.

Seen also: Evolve Bank & Trust (a bank popular with players like #FTX and #GeorgeSantos), #VoyagerDigital (a crypto company backed by #MarcCuban that incinerated user deposits in 2022), and #MetropolitanCommercialBank (#MCB), a NY institution beloved by the far right in Israel.

https://fintechbusinessweekly.substack.com/p/regulators-should-conduct-material

#EvolveBank #EvolvebankAndTrust #Yotta #Synapse #JasonMikula #FintechBusinessWeekly

Yotta Bank and the Problem with Fintech (Patrick Boyle) [video]
https://www.youtube.com/watch?v=SAFlRSftffc
#ycombinator #finance #trading #patrick_boyle #on_finance #cfa_exam #kings_college_london #business_school #quantitative_finance #financial_derivatives #personal_finance #investing #investments #stock_market #corporate_finance #youtuber_bank #yotta #graham_stephan #marc_andreessen #a16z #fintech #cfpb #Consumer_Financial_Protection_Bureau

Banking startup customers, including Yotta, report losing savings of $7,000 to $200,000+ following Synapse’s collapse, with US regulators refusing assistance. A wake-up call for fintech security! 💸🔒 #Fintech #Banking #SynapseCollapse #Yotta #StartupFailure #FintechSecurity #Regulation #TechNews

🤑 George Santos and Andy Ogles, two well known pillars of virtue, held their campaign's money at the same bank that issued the #FTX debit cards, partnered with organized crime connected #crypto disaster #PrimeTrust, and can't find tens of millions of dollars of #Yotta's customers' money... #EvolveBank

details at the always excellent Fintech Business Weekly here: https://fintechbusinessweekly.substack.com/p/why-did-political-campaigns-suddenly

oh, and also: #DanFriedberg, the lawyer for FTX, #Tether, and the #UltimateBet fraud, was one of Santos's biggest donors 🤔

#moneylaundering #uspol #uspolitics #election2024 #2024Election #AndyOgles #GeorgeSantos #corruption #Synapse #Yotta #EvolvebankAndTrust #cryptocurrency #SBF #Russia #China #fintech