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Cred

The U.S. Department of Justice charged Cred's executives with wire fraud, conspiracy to commit wire fraud and related charges. (Getty Images).
Policy
Regulations
Former Cred Executives Indicted on Wire Fraud, Other Charges
The defunct crypto lender filed for bankruptcy in 2020.
The U.S. Department of Justice charged Cred's executives with wire fraud, conspiracy to commit wire fraud and related charges. (Getty Images).
By Sam KesslerNikhilesh De
May 3, 2024 at 10:14 p.m. UTC
May 3, 2024
RegulationsCredBankruptcyU.S. Department of Justice
(Daniel Thomas/Unsplash)
Consensus Magazine
Cred
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.
(Daniel Thomas/Unsplash)
By Sam Kessler
Jul 22, 2022 at 10:00 p.m. UTC
Jul 22, 2022
CredBankruptcyLawsuitCelsiusVoyager DigitalLending
(Modified by CoinDesk)
Finance
Cred
Fraudulent Bitcoin Transfer Alleged in Cred Bankruptcy
Court documents filed by the Cred Liquidation Trust alleged the crypto lending platform paid over 516 bitcoin to a crypto whale for a bond that was essentially worthless. But...
(Modified by CoinDesk)
By Brandy Betz
Feb 18, 2022 at 10:49 p.m. UTC
Feb 18, 2022
CredFraud
Cred co-founder and CEO Dan Schatt (CoinDesk archives)
Finance
Cred
DeFi Startup Earnity Accused of IP Fraud in Cred Bankruptcy
A new court filing says Earnity purposely hid its ties to the crypto lender.
Cred co-founder and CEO Dan Schatt (CoinDesk archives)
By Brandy Betz
Jan 3, 2022 at 6:05 p.m. UTC
Jan 3, 2022
CredBankruptcy
bars, jail
Policy
Bankruptcy
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.
bars, jail
By Jamie Crawley
Mar 10, 2021 at 11:06 a.m. UTC
Mar 10, 2021
BankruptcyCredCoinFlash
Zoom screenshot of Judge John Dorsey
Finance
Bankruptcy
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.
Zoom screenshot of Judge John Dorsey
By Nate DiCamillo
Dec 18, 2020 at 11:01 p.m. UTC
Dec 18, 2020
BankruptcyCredCrypto Lending
LoanMosh2
Finance
Bankruptcy
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...
LoanMosh2
By Nate DiCamillo
Nov 12, 2020 at 5:45 p.m. UTC
Nov 12, 2020
BankruptcyCredCrypto Lending
CREDCROP2
Finance
Bankruptcy
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 acti...
CREDCROP2
By Nate DiCamillo
Nov 8, 2020 at 7:17 p.m. UTC
Nov 8, 2020
BankruptcyCredCrypto Lending
1908 photograph of a vault door
Markets
Uphold
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."
1908 photograph of a vault door
By Sebastian Sinclair
Oct 28, 2020 at 1:18 a.m. UTC
Oct 28, 2020
UpholdCredCoinFlash
visa
Markets
Credit cards
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.
visa
By Sandali Handagama
Sep 8, 2020 at 4:00 p.m. UTC
Sep 8, 2020
credit cardspaymentsVisaFintechCred