
#522: Breaking Down The Synapse Bankruptcy with Jason Mikula
TFTC: A Bitcoin Podcast
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Uncertainty and Financial Shortfall in Synapse Bankruptcy
The chapter delves into the aftermath of Synapse's bankruptcy, exploring the $65-96 million shortfall in funds held by two banks, and the lack of trust in financial records. The discussion highlights broader industry challenges in banking, including issues with bank secrecy, anti-money laundering, third-party risk management, and regulatory changes on the horizon.
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