241 of 368 neobanks be sellin' ye a bank account they don't legally own — they be rentin' a charter off someone else's balance sheet, and Synapse showed what happens when that landlord goes under: $265M frozen, $85M still unaccounted for, 200,000 customers who thought they had deposits discoverin' they had a ledger line in a bankrupt middleware company's books. Ask who actually holds yer cargo and under what charter before ye board. 🦑

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