Evolve Exec Pleads The Fifth in Missing Money Case, Bank Asks To Seal Deposition Transcript
Hank Word, former CTO and open banking division president at Evolve Bank & Trust, invoked the Fifth Amendment during a deposition in a lawsuit related to the Synapse collapse that froze thousands of depositors' funds in May 2024. Word left Evolve in September 2025, and the bank is now seeking to seal his deposition transcript as litigation continues over allegations of fraud and negligence in Evolve's handling of the Synapse relationship.
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