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.
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Jul 22, 2022 at 10:00 p.m. UTC
Jul 22, 2022
cred
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.
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Feb 18, 2022 at 10:49 p.m. UTC
Feb 18, 2022
DeFi Startup Earnity Accused of IP Fraud in Cred Bankruptcy
A new court filing says Earnity purposely hid its ties to the crypto lender.
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Jan 3, 2022 at 6:05 p.m. UTC
Jan 3, 2022
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.
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Mar 10, 2021 at 11:06 a.m. UTC
Mar 10, 2021
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.
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Dec 18, 2020 at 11:01 p.m. UTC
Dec 18, 2020
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.
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Nov 12, 2020 at 5:45 p.m. UTC
Nov 12, 2020
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.”
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Nov 8, 2020 at 7:17 p.m. UTC
Nov 8, 2020
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."
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Oct 28, 2020 at 1:18 a.m. UTC
Oct 28, 2020
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.
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Sep 8, 2020 at 4:00 p.m. UTC
Sep 8, 2020
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.
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Jun 23, 2020 at 5:00 a.m. UTC
Jun 23, 2020