Cred Inc.

  1. February 27, 2023

    Cred Can Pick Up 3rd-Party Claims For Calif. Lockton Suit

    A Delaware bankruptcy judge filed an opinion Monday explaining his decision that nothing prevents the liquidation trustees of collapsed crypto lender Cred Inc. from acquiring third-party creditor claims to bolster a suit against insurance giant Lockton Companies LLC.

  2. January 24, 2023

    Cred Trustees Ask Del. Court To Back Up Calif. Lockton Suit

    Liquidation trustees of collapsed crypto lender Cred Inc. have asked a Delaware bankruptcy judge to clarify their Chapter 11 authority to acquire third-party creditor claims, in a bid to support a California suit to recover at least $66 million from insurance giant Lockton Companies LLC.

  3. January 13, 2023

    Voyager Sells Digital Assets For $1B, FTX Finds $5B In Crypto

    Cryptocurrency debtors put billions of dollars in play this week as Voyager Digital Holdings got the nod for a $1 billion sale of assets and FTX Trading located $5 billion of its own assets. Over at the U.S. Supreme Court, the justices wrestled with Puerto Rican sovereignty in a case involving the island's fiscal board. This is the week in bankruptcy.

  4. January 11, 2023

    Uphold Seeks Toss Of 'Incoherent' $783M Cred Crypto Suit

    Crypto exchange Uphold on Wednesday denied that it owes more than $783.9 million to the liquidation trust of bankrupt cryptocurrency investment platform Cred Inc., calling the trust's allegations against Uphold "incoherent, conclusory, and conspiratorial" and urging a Delaware bankruptcy court to reject them.

  5. December 06, 2022

    Cred Trustee Sues Insiders Over Allegedly Pilfered IP

    A trustee for the bankruptcy estate of failed crypto lender Cred Inc. sued crypto asset exchange Earnity Inc. and several affiliates in Delaware, accusing them of profiting from intellectual property that was allegedly stolen from Cred just before it filed for bankruptcy.

  6. July 28, 2022

    3M Earplug Suits Lead To Ch. 11, Talc Claims To Be Estimated

    Military veteran claims pushed earplug maker and 3M unit Aearo into bankruptcy, a New Jersey judge ordered an estimation process for talc claims in the Chapter 11 of Johnson & Johnson's talc unit and the founders of bankrupt cryptocurrency hedge fund Three Arrows Capital are not responding to subpoenas. This is the week in bankruptcy.

  7. July 22, 2022

    Trustee For Cred Sues Over $784M Loss In Crypto Venture

    The liquidation trust for bankrupt cryptocurrency investment platform Cred Inc. filed suit Friday against crypto exchange Uphold, saying Cred lost nearly $784 million in a joint venture that Uphold continued to promote and profit from while Cred headed for insolvency.

  8. July 11, 2022

    Cred Can Keep Trying To Claw Back Bitcoin From Investor

    A Delaware bankruptcy judge on Monday allowed the liquidating trust for bankrupt cryptocurrency venture Cred Inc. to continue its attempt to claw back hundreds of bitcoins from a so-called whale investor, but dismissed claims he engaged in actual fraud.

  9. May 03, 2022

    Ex-Cred Inc. Exec Balks At In-Person Appearance In Del. Ch. 7

    A bankrupt former executive of bankrupt cryptocurrency venture Cred Inc. refused to commit Tuesday to in-person participation in a Delaware trial on U.S. Trustee efforts to block his discharge from Chapter 7 based on alleged reporting, recordkeeping and fraudulent transfer violations.

  10. February 18, 2022

    Cred's Ch. 11 Trust Sues To Reclaim $21M Crypto Payout

    The liquidating trust for bankrupt cryptocurrency venture Cred Inc. sued in Delaware bankruptcy court Thursday to clawback an allegedly fraudulent transfer of more than $21 million worth of Bitcoin to a so-called whale investor in exchange for a purportedly worthless bond.