4 ms·
Yes. Mercury, which is not a bank and has never publicly claimed that it plans to become a bank, is reportedly trying to recover $30 million in missing customer
by pushcx 2y ago
Yes. Mercury, which is not a bank and has never publicly claimed that it plans to become a bank, is reportedly trying to recover $30 million in missing customer funds from Synapse: https://www.forbes.com/sites/emilymason/2023/12/20/with-synapses-future-in-doubt-mercury-attempts-to-jump-ahead-of-other-potential-creditors/ https://www.forbes.com/sites/emilymason/2023/12/20/with-syna...
I've held a (trivial) business account at Mercury since before Synapse collapsed. Mercury has never attempted to notify me about missing customer funds, potential customer losses, or the lawsuit stemming from the collapse of their banking partner.