When will most end users of Synapse-based fintechs be able to withdraw their funds?
9
Ṁ100kṀ3.5kresolved Feb 3
100%32%
2024
17%
2025
13%
2026
13%
2027
13%
later or never
13%Other
https://fintechbusinessweekly.substack.com/p/is-synapses-meltdown-fintechs-ftx
Update 2025-02-03 (PST) (AI summary of creator comment): Clarification:
Event Timing: The market will resolve as 'yes' if a majority of user funds are returned in 2024.
Resolution Outcome: This indicates that 2024 is the year criteria for the resolution.
This question is managed and resolved by Manifold.
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https://www.cnbc.com/2024/07/02/synapse-fintech-fdic-false-promise.html
Some money has been paid out, but there as a $96 million shortfall, so seems very unlikely everyone will get their money. But perhaps a majority will.
https://www.americanbanker.com/news/im-left-with-nothing-life-inside-the-synapse-collapse
there's a paywall but the article is free if you just login with google