2020-12-19 02:01 |
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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A U.S. bankruptcy judge has rejected a motion to freeze the assets of beleaguered crypto lending service that was filed by its users.
2020-11-26 07:17 | |
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Also: Ripple is opening a new office in Dubai and President-elect Joe Biden mulls two crypto-friendly potential cabinet picks.
2020-11-25 20:38 | |
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Cred, a united States-based crypto lending firm, has filed for chapter 11 bankruptcy protection giving a rude shock to its customers. The legal team of Cred filed the bankruptcy papers on November 7th in the District of Delaware.
2020-11-10 17:28 | |
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Crypto lending service Cred filed for bankruptcy on Saturday following a fraud incident that... The post Cred files for bankruptcy as its users push for answers appeared first on Coin Journal.
2020-11-9 16:41 | |
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Crypto lending firm Cred filed for a voluntary Chapter 11 case in the United States Bankruptcy Court for the District of Delaware to explore strategic alternatives, including, without limitation, the restructuring of its balance sheet or the sale of its business as a going concern, in a court-supervised process, it said in a release on […] The post Crypto “bank” Cred files for bankruptcy after alleged multimillion fraud case appeared first on CryptoSlate.
2020-11-9 15:10 | |
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Crypto lending service Cred has filed for Chapter 11 bankruptcy protection leaving its users facing an uncertain outcome as they seek to withdraw assets and recover funds.
2020-11-10 14:00 | |
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“We just want to know that our funds are safe,” said one Cred user
2020-11-10 02:55 | |
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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.”
2020-11-9 22:17 | |
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Dukascopy Bank has launched a crypto lending program, offering users access to 50% of their cryptocurrency's value in cash without requiring repayment, while retaining their crypto investments. The post Swiss Bank Launches a Revolutionary Crypto Lending Solution appeared first on BeInCrypto.
Coinbase Global plans to launch a digital asset ending platform for large institutional investors on Sep. 5
Coinbase, America’s largest crypto exchange, is winding down its Borrow program and has given borrowers four months to repay their loans. Coinbase To Shut Down Borrow Program The Coinbase Borrow program allowed eligible Coinbase customers in certain US states to borrow up to $1 million worth of US dollars by putting up bitcoin or other cryptocurrencies as collateral.
The project's new model uses an order book to match borrowers and lenders, relying on a market-based mechanism to set interest rates.
New Jersey-based bankrupt crypto lender BlockFi is looking to liquidate rather than sell its cryptocurrency lending platform after concluding that a sale might not benefit creditors. BlockFi, in a court document filed with the US bankruptcy court for the District…
Applying rehypothecation onto bitcoin or crypto ignores the fundamental essence of these assets arising from a core bitcoin innovation, Christopher Calicott writes.
BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement.