Digital currency lender Cred files for bankruptcy

Cred, the digital currency service provider that gave interest on digital currency deposits and let individuals take out digital currency-collateralized loans, has filed for chapter 11 bankruptcy. Cred filed for bankruptcy on November 7th and allegedly has between $50-$100 million in assets but $100-$500 million in liabilities.  How did Cred go bankrupt? In hindsight, there […]

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The post Digital currency lender Cred files for bankruptcy appeared first on CoinGeek.

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