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

#MediaLink Founder Michael Kassan’s Son Hit With Since-Dismissed Federal Lawsuit Over $800,000 Crypto Transfers #VYGVQ #VoyagerDigital #Crypto #CryptoNews

https://www.intouchweekly.com/posts/medialink-founders-sons-800000-crypto-lawsuit-dismissed

A bankrupt crypto firm tried to return funds — but customer data might’ve been stolen instead

Voyager Digital reopened its platform for 30 days in June, allowing customers to withdraw the funds that had been trapped in the brokerage following its collapse last year. Their data may have been compromised during the process

#VoyagerDigital #cryptocurrency #crypto #web3 #defi #fintech #databreach #bankrupt #security #cybersecurity #infosec #hackers #hacking #hacked

https://www.theverge.com/2023/8/1/23815925/voyager-digital-bankrupt-crypto-data-breach-hack

In today’s episode we have #Missouri learning that federal law applies to them as well, #Binance picking up a sweet deal on #VoyagerDigital, hepatitis-C treatment #patents, and a #UVA Dean off to #SCOTUS, kind of.

@law #podcast #minimumcompetence

https://esqcast.com/@minimumcompetence/episodes/weds-3-8-missouri-finds-out-binance-shops-in-the-bk-bargain-bin-gilead-patents-and-uva-dean-to-scotus

#Binance #VoyagerDigital #Crypto

https://flip.it/OqaMiP