Cred Says Fraudulent Activity Led to Loss of Funds; Law Enforcement Investigating

Cred Says Fraudulent Activity Led to Loss of Funds; Law Enforcement Investigating
1908 photograph of a vault door
(Cleveland Trust Company, modified by CoinDesk)

Decentralized lending platform says it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity” and is cooperating with law enforcement in relation to the matter.

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