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 case centers on Evolve's handling of thousands of depositors who lost access to their funds after the bank froze accounts in May 2024, with Yotta alleging fraud and negligence by Evolve.
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