Payment to Synapse for agreement termination
Company: Riot
The claim, verbatim
Riot paid Synapse $50,000 as a one-time payment in exchange for terminating the Master Services Agreement and Software-as-a-Service Order Form agreement
Source (primary)
Riot 8-K filed 2019-09-30 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “a one-time payment by the Company to Synapse of $50,000”
How we checked this
Checked on September 23, 2026. The cited source supports part of this claim, but not all of it.
The filing says Riot agreed to a one-time $50,000 payment to Synapse as part of the termination deal. It does not state that the payment had actually been made.
Confirmed in the source:
- Riot and Synapse agreed to terminate the Master Services Agreement and Software-as-a-Service Order Form agreement
- The termination was in exchange for a one-time payment of $50,000 by Riot to Synapse
- The termination consideration also included Riot's release of Synapse from all claims under the agreement
We could not confirm this from the cited source:
- That Riot actually made the $50,000 payment to Synapse (the filing describes the agreed terms, not a completed payment)
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997319000499/riot_8k.htm) in full (3,134 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2019-09-30
Quote: “a one-time payment by the Company to Synapse of $50,000”