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 Former Cred execs face wire fraud and money laundering charges

Former Cred execs face wire fraud and money laundering charges


Published: 2024-05-04


1. Cred bankruptcy and executive misconduct - Cred,a cryptocurrency lender,filed for bankruptcy following allegations of wire fraud and money laundering involving its executives. The company's downfall raises concerns about the risks in the cryptocurrency lending industry and the need for better regulations to protect investors.

2. Impact on customers and investors - The bankruptcy of Cred has left many customers and investors concerned about the security and reliability of cryptocurrency lending platforms. The allegations of misconduct by executives have further eroded trust in the industry,highlighting the importance of due diligence before engaging with such platforms.

3. Regulatory implications and future outlook - The scandal surrounding Cred is likely to prompt regulators to enhance oversight of the cryptocurrency lending sector to prevent similar incidents in the future. This case serves as a warning for investors to be cautious and discerning when dealing with cryptocurrency-related services,emphasizing the need for transparency and accountability in the industry.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,906.26 1,538,109,121.72
2 ARS title=ARS 1,102.90 1,484,994,523.60
3 ETH title=ETH 3,102.01 996,966,307.67
4 SOL title=SOL 172.26 555,248,121.55
5 PEPE title=PEPE <0.01 246,571,642.35
6 DOGE title=DOGE 0.15 157,276,378.61
7 WIF title=WIF 2.79 145,503,145.49
8 FTM title=FTM 0.87 121,583,261.49
9 BOME title=BOME 0.01 116,387,340.07
10 XRP title=XRP 0.52 112,494,569.94
11 LINK title=LINK 16.32 108,932,768.12
12 NEAR title=NEAR 8.04 108,742,068.64
13 RUNE title=RUNE 6.86 93,678,776.81
14 ENA title=ENA 0.73 88,015,098.83
15 ORDI title=ORDI 41.14 85,626,244.80
16 PEOPLE title=PEOPLE 0.05 84,604,244.05
17 FLOKI title=FLOKI <0.01 82,667,313.31
18 AVAX title=AVAX 37.22 72,098,555.67
19 RNDR title=RNDR 10.00 64,737,056.02
20 JTO title=JTO 4.76 61,525,674.81
21 WLD title=WLD 4.98 58,502,559.20
22 OP title=OP 2.58 52,569,103.33
23 BCH title=BCH 485.10 51,265,965.24
24 SUI title=SUI 1.07 49,775,546.67
25 AR title=AR 47.26 44,183,114.98
26 JUP title=JUP 1.27 43,794,996.65
27 BONK title=BONK <0.01 43,771,710.56
28 ICP title=ICP 13.36 43,324,437.60

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 ForTube title=FOR 0.02 +27.38
2 Cream title=CREAM 59.97 +26.79
3 0x Protocol title=ZRX 0.61 +21.64
4 Reserve Rights title=RSR <0.01 +17.02
5 TrueFi title=TRU 0.13 +12.40
6 Biconomy title=BICO 0.58 +10.77
7 Pendle title=PENDLE 4.99 +10.65
8 Gnosis title=GNO 304.00 +10.39
9 Tensor title=TNSR 0.95 +9.91
10 Polymesh title=POLYX 0.46 +9.78
11 Dusk title=DUSK 0.35 +9.16
12 SSV Network title=SSV 42.26 +8.95
13 Yield Guild Games title=YGG 0.91 +8.94
14 ORDI title=ORDI 41.14 +8.89
15 LTO Network title=LTO 0.20 +8.01
16 Fantom title=FTM 0.87 +7.80
17 1000SATS (Ordinals) title=1000SATS <0.01 +6.68
18 SPACE ID title=ID 0.78 +6.54
19 Pyth Network title=PYTH 0.46 +5.88
20 IQ title=IQ 0.01 +5.67
21 Bella Protocol title=BEL 0.90 +5.50
22 OAX title=OAX 0.23 +5.31
23 CyberConnect title=CYBER 7.82 +5.06
24 Vulcan Forged title=PYR 4.72 +4.98
25 COTI title=COTI 0.13 +4.95
26 Optimism title=OP 2.58 +4.93
27 GALA title=GALA 0.05 +4.83
28 Jito title=JTO 4.76 +4.64
29 Lido DAO title=LDO 1.84 +4.37
30 Oasis Network title=ROSE 0.09 +4.34

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 ConstitutionDAO title=PEOPLE 0.05 -12.46
2 NEAR Protocol title=NEAR 8.04 -5.49
3 Vanar Chain title=VANRY 0.19 -5.49
4 High title=HIGH 4.54 -4.86
5 Syscoin title=SYS 0.19 -4.08
6 Hedera title=HBAR 0.11 -3.47
7 dogwifhat title=WIF 2.79 -3.44
8 AVA Foundation Bridged AVA (BSC) title=AVA 0.66 -3.09
9 Coin98 title=C98 0.26 -3.07
10 GMX title=GMX 29.94 -2.89
11 Wanchain title=WAN 0.25 -2.87
12 Loom Network (NEW) title=LOOM 0.09 -2.78
13 Moonbeam title=GLMR 0.27 -2.56
14 Lisk title=LSK 1.98 -2.56
15 Arweave title=AR 47.26 -2.53
16 COMBO title=COMBO 0.68 -2.50
17 Saga title=SAGA 2.15 -2.43
18 FLOKI title=FLOKI <0.01 -2.29
19 LeverFi title=LEVER <0.01 -2.14
20 Immutable title=IMX 2.41 -2.12
21 BEAMX title=BEAMX 0.02 -2.06
22 LINA title=LINA <0.01 -1.89
23 Render title=RNDR 10.00 -1.84
24 iExec RLC title=RLC 3.24 -1.76
25 Orion title=ORN 1.39 -1.74
26 Ooki title=OOKI <0.01 -1.71
27 THORChain title=RUNE 6.86 -1.66
28 WazirX title=WRX 0.22 -1.65
29 SuperRare title=RARE 0.12 -1.63
30 Pepe title=PEPE <0.01 -1.58

Bitcoin's Greed and Fear Index.

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73
Greed

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