“Megacorp learned nothing from Active Desktop being an utter fucking security disaster.” Yeah, no shit. Everything old is new again.

Originally, it was insured. Synapse changed to brokerage soon before they failed.

Synapse lied to the fintechs, too.

We’re not masochists, we’re just ruled by sadists.

They changed to a cash sweep / brokerage model (not FDIC-insured at the individual account holder level) like 6 months before the bankruptcy. End users had to click a consent checkbox or the like and probably thought nothing of it.

THE NUMBERS, MASON

Aside from the official licensing, you essentially just described Knowledge Fight.