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 Yotta's lawsuit against the bank over missing customer funds tied to the Synapse collapse. The deposition relates to Evolve's handling of the May 2024 fund freeze that affected thousands of depositors, with the bank now seeking to seal the deposition transcript.
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