The CEO of UNest, a college savings app, stepped down after she said the company was 'insolvent.' Here's what customers need to know.

• UNest is a startup that makes it easier for people to save up for major life expenses like college.
• Ksenia Yudina, founder & CEO, stepped down last month and warned the company was "insolvent."
• Aside from the potential losses for investors, the situation is also worrying for UNest customers.

It has been an eventful few weeks behind the scenes at UNest, a startup that makes it easier for people to save up for major life expenses like college education, weddings and down payments for homes.

As Insider previously reported, Ksenia Yudina, founder & CEO, stepped down last month and warned the company was "insolvent."