Cred


Policy

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).

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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)

Finance

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 the claims against him were later dismissed.

(Modified by CoinDesk)

Finance

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)

Policy

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

Finance

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

Finance

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.”

CREDCROP2

Markets

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

Markets

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

Markets

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.

Coins image via Shutterstock

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