!homeowners aren't you glad you don't have to deal with Dumbo living above you?

"We were informed last Monday that Evolve was only going to pay us $500 out of that $280,000," Morris said during a court hearing last week, her voice wavering. "It's just devastating."

One Yotta customer, Zach Jacobs, logged onto Evolve's website on Nov. 4 to find he was getting back just $128.68 of the $94,468.92 he had deposited — and he decided to act.

Andrew Meloan, a chemical engineer from Chicago, said he had hoped to see the return of $200,000 he'd deposited with Yotta. Early this month, he received an unexpected PayPal remittance from Evolve for $5.

Yotta was a fintech startup with the premise that instead of paying out interest, they would give you "free" lottery tickets that ran once a week. It was heavily advertised among financial youtubers/tiktokers like Graham Stephan who was a partial owner. I don't think anyone actually ever won the grand prize(still less rigged that the lottershe ) but this thread suggests some meager wins. In January they added casino games instead of the lottery which didn't ring alarm bells for anyone.

Yotta had advertised as being FDIC insured, but what they really meant was that they used a intermediary (Synapse) who used a bank that was FDIC insured. Synapse is a middle man who held one bank account (lol) at Evolve Bank and was behind a bunch of different alternate bank fintechs.

Back in March, Synapse said they had $500 million in Evolve bank. Evolve Bank said prove it ( ) and then Synapse went bankrupt. Since the bank didn't fail itself, the FDIC said it's not their problem and that Synapse itself was never FDIC insured (this is somehow not a crime). Other regulator shrugged their shoulders too and said good luck. There is supposedly $96 million in missing money, a lot of being from Yotta.

So I had a couple thousand in Yotta. Not anywhere near what these people did, but enough to where it's been hurting to not have access to it.

For two years, I used them with no problem, just like a bank, being told the money was FDIC insured and everything else.. just like a bank.

The difference was that I was getting higher interest rates than I could at any local banks. It was nice. For the longest time, they would give you a number of tickets based on what you had saved with them - I was "winning" maybe 50c on average per day. Nothing crazy, but it's definitely better than the local banks.

Anyway, it's been half a year now. I'm still hoping to get the money back at some point. I'm one of the unlucky ones who had theirs deposited into an account at Evolve instead of one of the banks that was able to find and return the money. Evolve even recognized that I have 'x' amount in the "synapse ecosystem" (which matches what Yotta says), but they are claiming that they hold 0 of it.

Here is a tik tok about it where a girl talks about her money being frozen and how she got it due to a youtuber she can barely remember.

https://tiktok.com/@abby.ritter8/video/7434291100145290539

r/yotta has a bunch of threads about people getting offered pennies on the dollar

Here's a comment on tik tok which made me chuckle. A little late for that my dear.

close the account. they have 90 days to write and send you a check

basically title, I can't find the post show episode of this, !peakpoors pls halp

this link goes to his member channel and I have the basic membership

@911roofer discuss.

Last time someone on reddit gave him money, he bought a bunch of phone shit to listen to music. lmao

Btw Caleb just threw a smirking unemployed foid with multiple over credit credit cards off his show

There's a livechat now from youtube's premier thing so that's got some dumb motherlovers in it.

• Moved to Colorado then moved to Australia then moved to Asia then moved to North Carolina then moved to Austin

• Why aren't you trying to get out of debt? timestamp

  • She's spending 1200 more than her income

  • She didn't know

  • She claims she was wondering why her credit card balance was not going down (no she didn't pursue this any further) timestamp

• I've known about this debt so I knew this was going to happen when I was traveling I knew I was going into debt timestamp

• So I was doing a great job when I was living with my parents timestamp

• So I have my Bachelor's and my Master's in Economics timestamp

• Applying to six jobs a week timestamps

  • "Analyst" and "Consulting" positions

  • "How many should I be applying to??"

  • Resume is the most generic shit possible timestamp

    • "Well I can code!"

    • Dresses up Lululemon as fast-paced problem solving

    • Massive summary at the top

• "Thrifting" hobby timestamp

  • "Probably my biggest vice"

• Lots of eating out - claims

• "I'm going to Switzerland" timestamp

  • In January for a ski trip "It's cheaper to go there than Colorado"

  • "I can just save"

• Caleb admits that he is a homosexual who wears Lululemon booty shorts for male attention timestamp

• She's spent 130 on Lululemon clothes in the last month timestamp

  • A sweatshirt and sweatpants

• Caleb seethes because of her big r-slur energy timestamp

• What did I finance?? timestamp

  • 

• She did a balance transfer and then racked up more debt timestamp

  • Was at

• Weird interaction thing but I'm not paypigging to see what happens timestamp

• More money down for the Swiss trip, probably 900ish? maybe 1200 with traveling? timestamp

• Student Loans timestamp

  • All on deferment - graduated 2019 Back, 2020 Master's

  • Income based repayment plan?

  • Paying $26 a month

Car Loan - timestamp

• Owes "About 17"

• 2019 Subaru Cross-Trek

• "It's only a hundred fifty bucks a month"

• "Do your parents know about all this?" timestamp

  • Her dad's a financial advisor

  • Her parents will sometimes just send her money timestamp

  • "Does he know about your situation?" "He knows that I'm in debt but he doesn't know the exact number" timestamp

• So I have totaled a car but that was a while ago timestamp

• 2,040 in the checking account

• Retirement Accounts timestamp

  • Roth IRA "I couldn't remember the login information"

    • Her dad did this for her - "a while ago" - has not contributed to it in "a while"

  • Vanguard thing - just started, 15% contribution?

• Dream is to get a PhD in Economics and become a professor timestamp

• Attempt at budgeting timestamp

• Audit of her linkedin applications timestamp