“That’s mostly because the estate of Andreessen Horowitz-backed Synapse doesn’t have the money to hire an outside firm to perform a full reconciliation of its ledgers, according to Jelena McWilliams, the bankruptcy trustee.”
At Yotta alone, 13,725 customers put in $64.9 million and are being offered $11.8 million. One man deposited $94,468.92 and is getting $128.68 back. Up to $96 million is missing, and six months later nobody can afford to count the ledgers. Customers thought the money was backed by the U.S. government. Between the app, the middleman and four banks, nobody kept books anyone can reconcile.