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alexdupre

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  1. If you need a law firm to represent your interests in the Cred bankruptcy you can have a look here https://www.saracheklawfirm.com/blog/categories/cred and fill out their form. I'm not affiliated in any way with them, but it looks like they are actively trying to recover as much as possible.
  2. It'd improve if they had valuable crypto assets, as XRP. But their balance sheet is full of just illiquid scam coins.
  3. I think there was a motion from two customers to convert it to Chapter 7 *or* keep Chapter 11 but with a Trustee hunting stolen crypto. The reason, according to the motion, is that the business has no future (and I may agree, nobody will trust giving them money again) and they are just wasting the few remaining money in salaries and legal expenses. But that's just a motion now, we'll see what will happens. The money is gone, that's the problem, so even in the best possible situation customers will see just a very small amount (even smaller if you consider the current XRP spike). In the worst (
  4. From the proforma assets and liabilities it seems their liabilities are almost 2x of the assets. But if you look at the notes, those assets look quite scary and hardly collectible.
  5. The events start from point 18: https://www.donlinrecano.com/Clients/ViewDocument?dataDir=cred&casen=20-12836&docketn=12 No comments, really.
  6. Uphold is suing them: https://support.uphold.com/hc/en-us/articles/360052308611 I wish the best luck to anyone that has lended with them, but I'm not very optimistic.
  7. Cred filed for bankruptcy: https://www.coindesk.com/crypto-lender-cred-files-for-bankruptcy If I'm reading correctly they have assets for 50-100M USD and liabilities for 100-500M USD, it doesn't seem that someone stole just 3M USD, it looks a quite dramatic situation.
  8. The Cointelegraph article confuses the decentralized storage SIA platform (https://www.sia.tech/) with the SIA group (https://www.sia.eu/en). Really embarassing.
  9. I guess you forgot to disable the auto re-enroll feature? https://intercom.help/cred/en/articles/2999700-how-do-i-auto-enroll-in-credearn Your funds will be locked for other 3 months. Did they change the rate and the value?
  10. It's an old news: https://www.businesswire.com/news/home/20190529005333/en/
  11. This is somewhat common (or at least reasonable) if you don't plan to use that account anymore.
  12. As you can see `paths` is a plural word....the transaction proposes to use many different paths, but only the best paths combination is actually used...in this case it was enough to use just one path by partially filling one book offer.
  13. Exactly: https://medium.com/raid-foundation/raid-test-net-rpca-based-consortium-blockchain-7ba2e1e9b503
  14. There are three main differences between Celsius and Cred: 1) no lock up period vs 6 months lock up 2) interests rates change every week vs fixed rate for 6 months 3) interests paid each week in the same crypto currency vs interests paid every 3 months in USD considering the value at the beginning of the loan
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