Why is this market premium

https://www.cnbc.com/2024/07/02/synapse-fintech-fdic-false-promise.html

Some money has been paid out, but there as a $96 million shortfall, so seems very unlikely everyone will get their money. But perhaps a majority will.

possibly they track down where the shortfall went and claw it back

https://www.americanbanker.com/news/im-left-with-nothing-life-inside-the-synapse-collapse
there's a paywall but the article is free if you just login with google