Comment by bradleyjg

In Synapse's case, their ledger said the total amount of all of their individual customer balances ended up being much more than the actual funds held in the underlying FBO accounts. Lots of folks are assuming fraud but I'm willing to put money that it was just a shitty, buggy ledger.

If there was no malfeasance then no money would be gone. The totals would add up, they just wouldn’t no know who was owed what. Since the totals don’t add up, someone got the extra.