Failed Crypto Lender Cred Blames Its Demise on Uphold Exchange in Suit
The 2022 meltdown is not the first time the risks of “centralized DeFi” products have been laid bare.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6D66XRPYIZFZTP4FUL32DMFUDA.jpg)
Sponsored
Jul 22, 2022 at 10:00 p.m. UTC
Jul 22, 2022
Cred
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7GY5HHXUHRBHRO6NDRRGL623D4.jpg)
Fraudulent Bitcoin Transfer Alleged in Cred Bankruptcy Case
Court documents filed by the Cred Liquidation Trust allege the crypto lending platform paid over 516 bitcoin to a crypto whale for a bond that was essentially worthless.
Sponsored
Feb 18, 2022 at 10:49 p.m. UTC
Feb 18, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AOE6ZRQQZ5H33EEZGUC7YDGW6M.jpg)
DeFi Startup Earnity Accused of IP Fraud in Cred Bankruptcy
A new court filing says Earnity purposely hid its ties to the crypto lender.
Sponsored
Jan 3, 2022 at 6:05 p.m. UTC
Jan 3, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KA55O3IA7VHFPCGLEVUPS7IAJ4.jpg)
Bankrupt Crypto Lending Platform Cred Had UK Fugitive in Charge of Funds
James Alexander was employed as the CCO of Cred, a crypto lender that filed for bankruptcy in November.
Sponsored
Mar 10, 2021 at 11:06 a.m. UTC
Mar 10, 2021
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NOAEUYDY3BAVFOHLHP5MFOU4X4.png)
Here's What Happened at Crypto Lender Cred's Latest Bankruptcy Hearing
Judge John Dorsey of the Delaware Bankruptcy Court rejected a motion to appoint a Chapter 11 trustee to oversee Cred’s restructuring.
Sponsored
Dec 18, 2020 at 11:01 p.m. UTC
Dec 18, 2020
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MHKRUCZSK5CO5FGASESQAVLLGI.jpg)
Bad Loans, Bad Bets, Bad Blood: How Crypto Lender Cred Really Went Bankrupt
Cred’s bankruptcy filing mainly blames fraud by an outside party. The full picture painted by former employees is more complex, and highlights the risks of the budding crypto lending market.
Sponsored
Nov 12, 2020 at 5:45 p.m. UTC
Nov 12, 2020
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/TIU64QTEEJFETBGGBJRYEJ2FNY.jpg)
Crypto Lender Cred Files for Bankruptcy After Losing Funds in Fraud
In October, the lender published a cryptic letter saying it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”
Sponsored
Nov 8, 2020 at 7:17 p.m. UTC
Nov 8, 2020
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NWI3JIIHXJHMHFTZCLVPYIJO4Y.jpg)
Cred Says Fraudulent Activity Led to Loss of Funds; Law Enforcement Investigating
Decentralized lending platform Cred says it's cooperating with law enforcement over a "loss of funds."
Sponsored
Oct 28, 2020 at 1:18 a.m. UTC
Oct 28, 2020
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/EB4D4EYRMNEE3AQFIXJY2LHDGQ.jpg)
Visa Adds Crypto Lender Cred to Fast Track Payments Program
Decentralized lending platform Cred is the latest crypto firm to join Visa’s Fintech Fast Track Program with the goal of scaling faster.
Sponsored
Sep 8, 2020 at 4:00 p.m. UTC
Sep 8, 2020
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/Y4RN25A7HZHMZMHLC6NWNPSG3A.jpg)
Cred Taps Former NSA, Western Union Bosses for Leadership Team
Crypto lender Cred is bolstering its technical knowledge by bringing on an experienced CISO and CTO.
Sponsored
Jun 23, 2020 at 5:00 a.m. UTC
Jun 23, 2020