Top all-time · #14837
Lex Sokolin
Personal blog · lex.substack.combusinessstartupseconomics
Lex Sokolin writes Fintech Blueprint 🤖🏦🧭, a personal blog at lex.substack.com about business, startups and economics. Since 2020, 5 different Hacker News readers have linked it 6 times, most often “What Happened at Synapse According to Founder Sankaet Pathak”. It is still writing: the last post was on 2026-10-30, and you can follow it by feed.
Too few sampled comments (2) to say how often HN recommends it.?
Why HN links it
HN commenters link Lex Sokolin's posts when discussing Synapse, the banking-as-a-service startup, and its ledger and customer-balance problems, including a podcast post on what happened there.
Summarised by Claude from a sample of 2 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
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Most-linked posts?
- What Happened at Synapse According to Founder Sankaet Pathak2 people · 3 mentions · first linked 2024-11-24
What Hacker News says?
Synapse says that it was actually the Bank (Evolve) that made the accounting mistakes, including missing transactions, debits that weren't reported, sending in flight transaction to Mercury while debiting Synapse incorrectly etc. https://lex.substack.com/p/podcast-what-really-happened-at-s...
Comment linking /p/podcast-what-really-happened-at-synapse
on “Engineers do not get to make startup mistakes when they build ledgers”Submitted How can Robinhood afford 3% cash back on its new credit card? as a story · 13 points
HN discussionI found an interview with the founder of Synapse and the setup was more complicated than that. It seems that client transactions were happening directly on the bank and the bank was notifying Synapse who were then updating their client balances. If the bank screwed up this notification process then Synapse didn't necessarily know about it until the customers started complaining. The notification process was some jan…
Comment linking /p/podcast-what-really-happened-at-synapse
on “Synapse still can't find its money”Submitted What Happened at Synapse According to Founder Sankaet Pathak as a story · 6 points
HN discussionSubmitted What can Fintech learn from SpaceX getting astronauts to space for 90% cheaper? as a story · 3 points
HN discussionSubmitted 2021 What a Year for DeFi as a story · 1 points
HN discussion