{"asOf":"2026-09-05","merchant":"SSDF INC","id":"synapse","name":"Synapse Financial Technologies","kind":"actor","status":"failed","kicker":"The middle ledger","body":"California middleware. No bank charter. Chapter 11 in April 2024 after FBO reconciliation broke. Catalogued as the failure mode, not as a vendor to buy.","url":null,"notes":["Do not rebuild Synapse as an SSDF product.","A Passport cannot attest that funds in an FBO belong to a named end user."],"seat":"middleware"}