🔔News Flash🔔: Former Cred execs are facing the music 🎵 for their alleged crypto shenanigans! CEO Daniel Schatt, CFO Joseph Podulka, and CCO James Alexander have been charged with wire fraud and money laundering. They're accused of misleading customers about Cred's lending and investment practices. 🕵️♂️
Cred, once a crypto lending star, declared bankruptcy in 2020, leaving users wondering, "Are our funds safe?" Now, it seems the answer might be a resounding "No!" 😱
Meanwhile, Genesis, another crypto lender in bankruptcy, is selling off assets like hotcakes to settle debts.
What do you think about these crypto lenders' woes? Let's chat in the comments! 💬 Remember, in the wild world of crypto, it's always buyer beware! 🚀