Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/uphold-refutes-misstatements-in-new-york-attorney-generals-press-release-regarding-cred-llc-fraud.
Uphold disputes NYAG claims in its Cred settlement, stating it was a victim of fraud and acted quickly to protect users after discovering issues in 2020.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #crypto-platform, #uphold-credit-settlement, #crypto-lending, #fintech-legal-dispute, #crypto-lending-fraud, #compliance-regulation, #cred-llc-investigation, #good-company, and more.

This story was written by: @blockchainwire. Learn more about this writer by checking @blockchainwire's about page, and for more stories, please visit hackernoon.com.

Uphold has pushed back against statements from the New York Attorney General following a settlement tied to the 2020 collapse of Cred. The company says it was a victim of Cred’s fraud, citing DOJ findings, and denies any knowledge of wrongdoing. Uphold emphasized it acted quickly to halt Cred’s operations and protect users once liquidity issues were discovered.