Tag: bankruptcy

Dec 18 2020

Here’s What Happened at Crypto Lender Cred’s Latest Bankruptcy Hearing

Dec 18 2020 Published at CoinDesk under tags  bankruptcy business cred crypto lending

Judge John Dorsey of the Delaware Bankruptcy Court rejected a motion to appoint a Chapter 11 trustee to oversee Cred’s restructuring.

Nov 12 2020

Bad Loans, Bad Bets, Bad Blood: How Crypto Lender Cred Really Went Bankrupt

Nov 12 2020 Published at CoinDesk under tags  bankruptcy business cred crypto lending news

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.

Nov 11 2020

Behind the Shroud of Cred’s Tragic Bankruptcy

Nov 11 2020 Published at Crypto Briefing under tags  bankruptcy business

Cred rose to fame by enticing retail investors to earn up to 10% on their idle cryptocurrency. It attracted support from influencers like Litecoin's Charlie Lee, TechCrunch founder...

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